Bhutan Transfers $835K in Bitcoin to New Wallets

Bhutan's royal government has transferred approximately $835,000 worth of Bitcoin to two newly created wallet addresses.

The transfer of 10.779 BTC comes as Bhutan's cryptocurrency activities continue to attract international attention.

This move is part of the country's growing involvement in Bitcoin, with its total reserves estimated at over 13,000 BTC, making it one of the largest government holders worldwide.

The purpose of the transfer remains unclear, but analysts suggest it could be for operational consolidation, preparation for a sale, or changes in custody arrangements.