Bhutan’s Royal Government Transfers 160.35 ETH to QCP Capital, Indicating Ongoing ETH Deposits and Possible OTC Trades

COINOTAG News reports, citing Onchain Lens, that the Royal Government of Bhutan has transferred 160.35 ETH to QCP Capital. Valued near $48,300 at current prices, the move marks another instance of sovereign activity in the Ethereum ecosystem and expands Bhutan’s observed crypto footprint.

Analysts note that there is no confirmation of further funding or immediate disposals, but the report suggests potential additional deposits or OTC trades. Such activity, if confirmed, could indicate a deliberate liquidity-management posture rather than a sudden strategic pivot in the country’s digital-asset holdings.

From a risk and market-signal standpoint, this development highlights how sovereign actors are interacting with crypto markets. Market participants should monitor subsequent disclosures and data points to gauge the trajectory of Bhutan’s Ethereum exposures and any implications for liquidity and pricing in related venues.