Bhutan Royal Government Moves 519.7 Bitcoin to Two New Wallets
According to Arkham Intelligence data published on the 25th, Bhutan’s state investment arm DHI sent 519.7 BTC to two wallets, with one address linked to Singapore-based trading firm QCP Capital.
BTC
Fact Check
The transfer is confirmed by direct on-chain monitoring data from Onchain Lens and corroborated by multiple reputable financial and crypto news organizations including The Block and crypto.news. The specific amount (519.7 BTC) and the destination (two new wallets) are consistent across all sources.
Summary
Bhutan’s state investment arm Druk Holding and Investments (DHI) moved 519.7 BTC, valued at about 6 billion yen, to two wallets, according to Arkham Intelligence data published on the 25th. One of the destination addresses is linked to Singapore-based trading firm QCP Capital. Following the transfer, DHI’s Bitcoin holdings fell to 4,453 BTC. The source does not state the purpose of the transaction or whether it was related to trading, custody, or internal fund management.
Terms & Concepts
- BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value and the native asset of the Bitcoin network.
- Bitcoin wallet: A blockchain address or storage tool used to hold, send, and receive Bitcoin.