In a significant move within the cryptocurrency landscape, the Royal Government of Bhutan has transferred 633 Bitcoin (BTC) to undisclosed addresses, igniting discussions about potential market implications. On January 17, 2025, blockchain analytics firm Arkham Intelligence reported that Bhutan’s government executed two substantial transactions: the first involving 255.26 BTC and
The concept of digital asset strategic reserves is gaining a lot of traction these days. While Vancouver Mayor proposed a Bitcoin-friendly city to safeguard reserves, Satoshi Action Fund announced plans to introduce up to 20 Strategic Bitcoin Reserves bills by multiple US states. With the Trump election and an anticipation
The Royal Government of Bhutan has recently transferred 406.074 Bitcoin, valued at approximately $40 million, to cryptocurrency investment firm QCP Capital. This significant transaction, first identified by Onchain Lens, has sparked speculation that the funds may soon be sold. Bhutan’s Cryptocurrency Powerhouse Bhutan’s sovereign holding company, Druk Holdings, remains a
The Royal Government of Bhutan has strategically accumulated Bitcoin worth over $1.1 billion, representing 34% of the nation’s GDP. This significant holding stems from Bhutan’s innovative use of its vast hydropower resources to mine. Bhutan has emerged as one of the largest state-level holders of cryptocurrency. Bhutan now ranks third
Bhutan has been quietly mining Bitcoin since 2021. Using its hydropower, Bhutan runs low cost, sustainable mining operations and has accumulated over 12,200 BTC, worth about $1.11 billion, making it one of the largest government holders of Bitcoin. Why Bhutan Is Selling Bitcoin According to Arkham Intelligence, Bhutan moved BTC
The Royal Government of Bhutan recently transferred 929 BTC, valued at $66 million, to Binance. This move follows Bitcoin’s price surge above $71,000, marking Bhutan’s first significant transfer since selling $24 million in BTC via Kraken in July. The on-chain analytics platform Arkham reported this sale. Royal Government of #Bhutan
