Bitcoin Surges Past $77K as Bhutan Transfers 490 BTC

Bitcoin's price surged past $77,000 on August 21, marking a three-month high. The rally coincided with a large transfer of 490.87 BTC from Bhutan's government to fresh wallets.

The coins carried a value of approximately $32.74 million when transferred, sparking attention given the country's reduced identified holdings throughout 2026.

However, movement into new wallets does not confirm an exchange deposit or sale, leaving uncertainty around Bhutan's purpose for the transfer.