Bhutan Moves $11M Worth of Bitcoin in Fresh Transfer Spotted by Arkham Intelligence
Blockchain analytics firm Arkham Intelligence flagged a transfer from wallets linked to the government of Bhutan.
About 175 BTC (≈ $11–$11.9 million) was moved from the country’s sovereign Bitcoin holdings.
The transaction was identified as coming from a government-linked wallet and appears to follow Bhutan’s usual pattern of transferring or selling BTC in smaller batches.