Bhutan Transfers $47 Million in Bitcoin to New Wallet
Bhutan's Druk Holdings moves 2,011.23 BTC, worth approximately $230 million, to a new wallet, possibly in preparation for a future exchange transaction.
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Fact Check
The statement is strongly confirmed by overwhelming evidence from numerous independent crypto news outlets. At least nine distinct sources corroborate the specific details of the transaction, stating that Bhutan's government investment arm transferred 419.5 BTC, valued at approximately $47 million, to a new wallet.
Summary
On September 29, 2025, Bhutan's royal government entity, Druk Holdings, transferred 2,011.23 BTC, valued at $229.69 million, to a new wallet. Blockchain monitoring platform OnchainLens suggests the transfer could be preparatory for a transaction on a trading platform. Bhutan still holds over $1 billion in Bitcoin, with a total of 9,200 BTC in its portfolio.
Terms & Concepts
- BTC (Bitcoin): The first and largest cryptocurrency, operating on a decentralized blockchain network and representing digital, peer-to-peer value transfer.
- Blockchain Data Monitoring: The process of tracking and analyzing transactions recorded on a blockchain through publicly accessible ledger information.