Back to Feed
Fintech▼ 60
Bhutan Moves $18 Million Bitcoin, Holdings Shrink
The Block·
The Royal Government of Bhutan has transferred an additional 250 BTC, valued at approximately $18 million, to a new wallet. This move continues a trend of outflows from state-linked cryptocurrency holdings throughout the year. According to Arkham data, Bhutan's total Bitcoin holdings have now decreased to around 3,774 BTC, a significant reduction from its peak of nearly 13,000 BTC in October 2024. This drawdown represents over a 70% decrease in its tracked Bitcoin reserves.
Tickers
$BTC-USD
Tags
crypto
fintech
markets
Original Source
The Block — theblock.co