Bhutan Government Sells Another $6.7 Million in Bitcoin – Arkham Data

Bhutan Government Sells Another $6.7 Million in Bitcoin – Arkham Data

Despite the recent liquidation, identified government wallets still hold approximately $372 million worth of the cryptocurrency.

BTC

Fact Check
Arkham Intelligence is a recognized on-chain analytics platform known for reliable blockchain tracking of entities, including governmental wallets. Its official research site directly publishes address-level transaction data, which serves as the primary source confirming transfers from wallets identified as belonging to Bhutan’s investment arm, Druk Holding & Investments. Independent crypto news outlets referencing Arkham’s data consistently report the same specific transfer of approximately 100 BTC valued at around $6.7 million, described as a sale or transfer by the Bhutanese government. There are no credible sources contradicting Arkham’s report, and all corroborating reports cite the same on-chain event verified by Arkham. Thus, given the alignment of primary and secondary evidence, the statement that Bhutan sold approximately $6.7 million worth of Bitcoin according to Arkham data is very likely true. The probability of falsehood remains low, mainly due to normal uncertainties in entity attribution on-chain.
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Terms & Concepts
  • Arkham: A blockchain intelligence platform that analyzes on-chain data to identify entities and track cryptocurrency transactions.
  • BTC: The ticker symbol for Bitcoin, the first and largest decentralized cryptocurrency by market capitalization.