Bhutan Government Moves 300 BTC to New Wallet, Onchain Data Shows

BitcoinWorld Bhutan Government Moves 300 BTC to New Wallet, Onchain Data Shows The Royal Government of Bhutan has transferred 300 Bitcoin, valued at approximately $19.28 million, to a newly created wallet address, according to blockchain tracking firm Onchain Lens.

The transaction was detected on [Date of transaction if known, otherwise ‘recently’] and adds to a series of on-chain movements from the country’s digital asset reserves.

Context: Bhutan’s Bitcoin Holdings Bhutan is one of the few governments that actively holds and manages Bitcoin as part of its sovereign wealth strategy.

The country’s investment arm, Druk Holding and Investments, has been involved in cryptocurrency mining and accumulation since 2019, leveraging the nation’s abundant hydropower resources.