Bhutan Government Moves $7 Million Worth of Bitcoin (BTC) to New Wallet
- The Bhutanese government transferred $7 million in BTC to a SegWit address.
- Since January 2026, Bhutan has moved a total of $237.39 million in BTC to SegWit addresses.
- Currently, Bhutan holds approximately $234.33 million in BTC and about $68,000 in Ethereum (ETH).
- SegWit addresses provide lower transaction fees and improved scalability compared to legacy addresses.
The Bhutanese government has shown ongoing interest in digital assets, previously collaborating with Ripple on a central bank digital currency (CBDC) pilot project aimed at enhancing cross-border payments. This recent wallet transfer could suggest potential plans for further transactions or sales of their Bitcoin holdings.
As of now, Bitcoin is trading at $77,571, reflecting an increase of over 1.1% in the past day. The government’s strategic moves may indicate evolving approaches to managing its cryptocurrency assets.
