The government of Bhutan transfers part of its bitcoin (Bitcoin) holdings to a different wallet.
Cryptocurrency deanonymization platform Arkham reports that the Bhutan government recently transferred $7 million worth of BTC to a separate witness (SegWit) address.
Arkham He says This move may indicate a possible transfer or sale.
“Bhutan will periodically transfer small amounts of Bitcoin to Segwit addresses, which appear to be separate from its pool of Bitcoin holdings. It has fallen by 10,000 BTC from its peak of approximately 13,390 BTC in October 2024.”
The cryptocurrency intelligence platform notes that the Bhutan government has transferred $237.39 million worth of Bitcoin from its wallets to Segwit addresses since the beginning of 2026.
SegWit addresses are designed To offer lower transaction fees and better scalability From old Bitcoin addresses.
The government of Bhutan currently owns $234.33 million worth of Bitcoin and approximately $68,000 worth of Ethereum (Ethereum) for each Data From Arkham.
The government of Bhutan has long expressed interest in digital assets: in 2021, the country’s Royal Monastery Authority (RMA) collaborated with Ripple on a central bank digital currency (CBDC) pilot project, exploring the potential of CBDCs to enhance cross-border payments.
Bitcoin is trading at $77,571 at the time of writing. The top-rated crypto assets by market cap rose more than 1.1% in the past 24 hours.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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