The transfer is the latest in a series of movements from Bhutan's sovereign Bitcoin reserves this year.
- Bhutan has moved approximately $22.68 million worth of Bitcoin from its sovereign reserves, continuing a trend of asset outflows this year.
- The country's current Bitcoin holdings are down about 70% from their peak in October 2024, with significant amounts sent to addresses associated with potential sales.
- Speculation suggests Bhutan may have ceased its hydropower-backed Bitcoin mining operations, as inflows have not been recorded for over a year.
Topics: Asset types, Jurisdictions, Institutional adoption, Alternative assets, Emerging hubs, Sovereign adoption
Tags: #bhutan #bitcoin #btc #sovereignreserves #galaxydigital #okx #drukhldingandinvestments #hydropower #miningoperations #assetoutflows
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