Bhutan Invests $320,000 in Ethereum with QCP Capital

The Royal Government of Bhutan has taken a significant step into the crypto world by transferring 160.35 ETH to QCP Capital, a firm specializing in digital asset trading and structured products. This action marks another sign of growing interest from national governments in blockchain technology and digital assets as potential tools for diversification and economic advancement. The transfer, valued at over $320,000, was spotted by on-chain trackers. While Bhutan hasn’t confirmed the purpose of this transfer, it could be connected to investment diversification strategies, treasury management, or participation in crypto-related financial services through QCP Capital.