Bhutan moves $45 million worth of Bitcoin in two days
Bhutan moved 643 BTC, valued at over $45 million, to external wallets over two days.Summary
The Royal Government of Bhutan, an early sovereign Bitcoin miner utilizing surplus hydroelectric power, recently transferred 643 BTC, worth more than $45 million, to external wallets within two days, suggesting a systematic conversion of its digital reserves. Despite this movement, Druk Holdings, the government's investment arm, still retains 4,329 BTC, valued above $290 million, positioning Bhutan as a major government holder of digital assets. This activity occurs while Bitcoin was trading around $66,500. The article also notes that the US leads global government holdings with over 328,000 BTC, much of which came from a large seizure linked to a Cambodian criminal organization facing international disputes over the origin of the funds.
(Source：Crypto Briefing)