Crypto
Bhutan transfers another 90 bitcoin, raising questions over sovereign bitcoin unwinding
Bhutan transferred 90 bitcoin to a new SegWit address, taking the value of bitcoin moved externally this year to more than $237 million. On-chain data showed the transfer went to a different address than the main wallets used for sovereign holdings, prompting market speculation about a sale or third-party transfer. Arkham data showed holdings at Druk Holdings have declined by about 10,000 bitcoin from an October 2024 peak.
