via The Block · By The Block Editorial
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The Royal Government of Bhutan transferred approximately 100.44 BTC ($8.2 million) to an unlabeled address on Tuesday, continuing an accelerating outflow streak.
Bhutan transferred the funds to an address starting "bc1qn" at 5:27 a.m. UTC in three transactions, according to the onchain analytics platform Arkham, which began tracking the tiny Himalayan kingdom's bitcoin (BTC) holdings in 2024.
Ark…
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