Bhutan Moves 799.69 Bitcoin into New Wallets

The government of Bhutan has initiated a significant transfer of Bitcoin holdings. A total of 799.69 Bitcoin, valued at approximately $92.06 million USD, has been moved to two newly established wallets, as reported by BlockBeats. This strategic action is believed to be preparatory for depositing the cryptocurrency on a centralized trading platform, according to Onchain Lens monitoring.