Onchain Lens said the Kingdom of Bhutan moved the Bitcoin on June 6, shifting funds to a newly created address in an on-chain transaction.
The Kingdom of Bhutan transferred 738 BTC worth about $45 million to a newly created wallet on June 6, according to on-chain tracker Onchain Lens. The move appears to be an internal wallet transfer rather than a disclosed sale, with the Bitcoin sent to a new address as part of a treasury reshuffle visible on the blockchain (shared digital ledger).