Bhutan-linked wallets moved roughly $14 million in bitcoin, signaling another reduction in the country’s state-managed BTC holdings, according to onchain data tied to Druk Holding & Investments.
The transaction reflects continued trimming of national bitcoin reserves that were built up through mining operations. Onchain records show the funds were transferred from government-associated addresses, consistent with prior drawdowns that have periodically reduced Bhutan’s overall BTC balance. While the destination addresses indicate offloading activity, the data does not specify whether the coins were sold directly on the open market or moved for custodial or treasury-management purposes.
Attention now shifts to whether further transfers follow in coming days. Analysts will be watching Druk-linked wallets for additional outflows and monitoring how rapidly Bhutan’s remaining bitcoin treasury adjusts as market conditions evolve.
Source: Arkham Intelligence.
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