Bhutan Government Transfers 175.44 ETH Worth About $497K, Likely Linked to QCP Capital

According to Onchain Lens monitoring and a COINOTAG News report dated December 1, the Government of Bhutan transferred 175.44 ETH to a separate wallet, valued at approximately $497,000.

The recipient address appears to be linked to QCP Capital, based on on-chain analytics.

This on-chain activity highlights the rising importance of on-chain monitoring as a transparency and risk‑assessment tool in crypto markets. Market participants should monitor for subsequent disclosures and track wallet movements through reputable analytics platforms.