Bitcoin: Bhutan Moves 751 BTC

Bhutan Transfers 751 BTC Amid Speculation

• Bhutan moved approximately 751.31 BTC, valued at $74.15 million, to three new wallets.
• The transfer is suggested to be internal rather than an offload.
• On January 17, Bhutan transferred 633 BTC to two new wallets, which remain untouched.
• On December 9, Bhutan sold 402 BTC via an OTC deal at $98,700 per BTC, totaling about $39.7 million.
• Bhutan holds around 10,600 BTC across 23 wallets, ranking as the fourth-largest government Bitcoin holder globally.

The recent movement of Bhutan’s Bitcoin holdings suggests internal transfers rather than market sales. This aligns with previous patterns and maintains Bhutan’s position as a major Bitcoin holder with approximately 10,600 BTC in its possession.