Bhutan Transfers $32.7M in Bitcoin to Fresh Wallets
The Royal Government of Bhutan has transferred 490.87 Bitcoin worth about $32.74 million to fresh wallets over the past day, continuing a series of large BTC transfers from state-linked addresses in 2026.
The largest transaction involved 485 BTC valued at roughly $32.31 million, which accounted for nearly all of the Bitcoin moved during the period.
State-linked Bitcoin transfers have continued throughout 2026, with funds previously moving to unidentified wallets, trading firms, and exchanges.
Bhutan accumulated much of its Bitcoin through state-backed mining powered by hydroelectric energy.
The latest movement came just days after another large transaction from Bhutan-linked addresses on August 18, where the Royal Government of Bhutan transferred 300 BTC worth about $19.28 million to a new wallet.