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Arkham Reports Bhutan May Have Sold $35M in Bitcoin Holdings

Arkham Reports Bhutan May Have Sold $35M in Bitcoin Holdings

On-chain data from Arkham Intelligence reveals Bhutan moved over 284 BTC worth around $22 million last week, underscoring the nation’s growing activity in crypto markets.

BTC

Summary

Bhutan-linked wallets managed by state-owned Druk Holding & Investments transferred more than 284 bitcoin—valued at roughly $22 million—over the past week, according to Arkham Intelligence. This movement adds to earlier reports suggesting Bhutan may have sold about $35 million in Bitcoin within a one-week period. Bhutan, already recognized as one of the world’s largest holders of Bitcoin, continues to draw attention for its role as a sovereign participant in crypto markets. No motive for these transfers has been disclosed.

Terms & Concepts
  • Blockchain analytics: The process of examining blockchain data to track transactions, holdings, and activity patterns.
  • Bitcoin holdings: The amount of Bitcoin owned by an individual, institution, or nation, often tracked for investment or strategic purposes.