Is Bhutan now dumping their Bitcoin?
The Royal Government of Bhutan is once again making noteworthy crypto moves. According to data provided by blockchain Analysis platform Arkham Intel , the Bhutanese government transferred 517 Bitcoin (BTC), valued at roughly $59 million, to a new wallet earlier this week. The receiving address performed a test transaction on Binance just one day before receiving the funds, but the exact motivation for the transfer remains unknown. Druk Holding and Investments (DHI), the country’s leading holding company, still retains 10,769 BTC, worth approximately $1.23 billion as of the time of writing. IS BHUTAN SELLING BITCOIN? The Royal Government of Bhutan just moved $59M of BTC to a new address bc1q8ag. This address performed a test transaction to a Binance deposit address 1 day before receiving the funds. Bhutan still holds over $1.23 BILLION of BTC. But are they… pic.twitter.com/ARokbEhWHH — Arkham (@arkham) August 6, 2025 Bhutan Bitcoin sales The ...