Bhutan moves $25M Bitcoin, weekly transfers exceed 1,000 BTC

The Royal Government of Bhutan has transferred an additional 374.9 BTC, valued at approximately $25.2 million, to an unlabeled address. Onchain analytics platform Arkham noted that this recipient address has previously moved funds to Galaxy Digital, suggesting a potential sale by the government. This latest transaction contributes to a significant outflow, with Bhutanese government-labeled addresses now having transferred over 1,000 BTC in the past week alone, indicating a notable shift in the nation's digital asset holdings.