Bhutan moves another $18 million in bitcoin as tracked holdings continue to shrink: Arkham
The Block
Bhutan has transferred 250 BTC worth $18 million, continuing a trend that has reduced its bitcoin holdings by over 70% since October 2024.Summary
The Royal Government of Bhutan has transferred 250 BTC, valued at approximately $18 million, into a new wallet. According to data from Arkham, this move is part of a broader trend that has seen the country move roughly $233.75 million worth of bitcoin this year. Bhutan's sovereign investment arm, Druk Holding and Investments, manages these assets, though the purpose of the latest transfer remains unconfirmed. With this latest move, Bhutan's holdings have decreased to approximately 3,774 BTC, marking a significant decline from its peak of nearly 13,000 BTC in October 2024.
(Source：The Block)