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The government of Bhutan transferred 175 BTC two hours ago, possibly for sale

The government of Bhutan transferred 175 BTC two hours ago, possibly for sale

2026-03-09 23:55

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ChainThink report, March 9: According to Arkham monitoring, a government-associated address in Bhutan transferred BTC worth $11 million two hours ago from its holding wallet.


The previous such transaction occurred one month ago, when they sold $7 million worth of BTC via QCP Capital.


Bhutan periodically offloads portions of its BTC holdings in batches ranging from $5 million to $10 million, with late September 2025 marking a particularly intense selling period.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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