Bhutan Moves Major Bitcoin Holdings, Fuels Exchange Speculation

The Royal Government of Bhutan is in the spotlight again after recent large-scale transfers of its Bitcoin holdings. Blockchain tracker Lookonchain reported the government moved 800 Bitcoin, worth approximately $92 million USD, to two newly created wallets just hours ago. This transfer follows a series of similar actions by Bhutan’s crypto arm, DHI, suggesting active management and possibly sales in response to market fluctuations.