Bhutan Transfers 490 Bitcoin Worth $32.7 Million to Fresh Addresses

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The Royal Government of Bhutan has transferred 490.87 Bitcoin worth $32.74 million (roughly Rs. 3,132 crore) to newly created wallets, according to blockchain analytics firm Onchain Lens. The destinations have not been identified as exchanges or trading firms, meaning the movement does not confirm a sale. The transfer follows several large movements from Bhutan-linked wallets this year, including a 300 BTC transfer on August 18 and a 519.7 BTC transaction in March.

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