Bhutan’s government has moved an additional 100.44 Bitcoin, valued at approximately $8.2 million, continuing a steady trend of treasury-related crypto transfers that has been unfolding for months.
According to blockchain data shared Tuesday by Arkham Intelligence, the transfer was carried out at approximately 5:27 a.m. UTC through three separate transactions sent to an unidentified wallet beginning with “bc1qn.” Arkham, which has tracked Bhutan’s Bitcoin reserves since 2024, said the transaction pattern resembles earlier wallet activity previously associated with selling operations.
