In a significant move for the cryptocurrency market, Arkham Data reported on February 11 that the Government of Bhutan has executed a transfer of 136.054 BTC, valued at approximately $13.33 million, to four unmixed addresses. This transaction underscores Bhutan’s ongoing engagement with digital assets. Currently, the government maintains a robust holding of 10,635 BTC, equivalent to roughly $1.04 billion, reflecting a strategic approach to asset management in the evolving landscape of cryptocurrency. As nations explore the integration of crypto into their financial frameworks, Bhutan’s activities could catalyze further interest and adoption in the region. Stakeholders should closely monitor such transactions as they offer insight into government strategies surrounding Bitcoin and its potential implications for the broader market.
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