US EditionKingdom of Bhutan signals dumping more Bitcoin
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4 Articles
Bhutan Transfers 374.9 BTC as Outflows Accelerate, Stirring Strategy Speculation
Bhutan made another significant transfer of its bitcoin reserves. This raises further questions about the nation’s crypto plans. The Royal Government of Bhutan transferred around 374.9 BTC (equivalent to around $25.2 million) to an unknown wallet on Tuesday morning. Data from a blockchain analytics firm, Arkham, reveals that the transfer was made to a wallet starting with “bc1q0” around 7:28 a.m. UTC. The analytics firm has been tracking Bitcoin…
In a week, Bhutan has transferred more than 1,000 bitcoin, including $25 million in a single transaction. A financial strategy or a sign of crisis? Discover the reasons behind these massive movements and their impact on the crypto market. The article Why does Bhutan massively sell its Bitcoins? appeared first on Cointribune.
Kingdom of Bhutan signals dumping more Bitcoin
The Royal Government of Bhutan has transferred another batch of Bitcoin (BTC), signaling possible selling as the asset continues to witness capital outflows. On-chain analytics show the move involved roughly 375 Bitcoin, valued at approximately $25.19 million at the time of the transfer. The amount was moved to an intermediary wallet previously linked to outflows toward Galaxy Digital, according to on-chain data retrieved from Arkham on March 31…
Strategic Shift: Bhutan Government Transfers $25.2M In BTC To Galaxy Digital-Linked Address
BitcoinWorld Strategic Shift: Bhutan Government Transfers $25.2M in BTC to Galaxy Digital-Linked Address In a significant on-chain transaction capturing global crypto market attention, the Royal Government of Bhutan transferred 325 Bitcoin, valued at approximately $25.19 million, to a digital wallet address historically linked to deposits for Galaxy Digital. This move, reported by blockchain analytics firm Onchain Lens, represents a pivotal mome…
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