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Fresh $36M Bitcoin Transfer By Bhutan Sparks Speculation—Dump Alert?

Summary by Bitcoinist
A series of Bitcoin transfers from wallets linked to the Bhutanese government has caught the attention of cryptocurrency watchers. According to blockchain data from Arkham, addresses tied to Druk Holdings, the commercial arm of Bhutan’s government, moved 419.5 Bitcoin worth approximately $34.51 million to an unidentified address on April 2. Government Wallets Transfer Large Sum To New Address Based on reports from Arkham, a blockchain analytics …
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Fresh $36M Bitcoin Transfer By Bhutan Sparks Speculation—Dump Alert?

A series of Bitcoin transfers from wallets linked to the Bhutanese government has caught the attention of cryptocurrency watchers. According to blockchain data from Arkham, addresses tied to Druk Holdings, the commercial arm of Bhutan’s government, moved 419.5 Bitcoin worth approximately $34.51 million to an unidentified address on April 2. Government Wallets Transfer Large Sum To New Address Based on reports from Arkham, a blockchain analytics …

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Bitcoinist broke the news in on Friday, April 4, 2025.
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