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CryptoPolicy

Bhutan Government Transfers 490 BTC as Bitcoin Rallies Over $75K

Royal Government of Bhutan transfers over 490 BTC to a new wallet.

Yahoo Finance

Publisher

Aug 21, 2026 at 7:58 AM UTC · Updated 6시간 전 · 2 분 소요

Bhutan Government Transfers 490 BTC as Bitcoin Rallies Over $75K
Image via Yahoo Finance

Entities

bitcoin

Last Updated

6시간 전

번역 중…

  • Royal Government of Bhutan transfers over 490 BTC to a new wallet.

  • Bitcoin moved earlier this week were also sent to same wallet, sparking selloff concerns.

  • Bitcoin price eyes $83K amid bullish predictions by analysts and Glassnode.

The Royal Government of Bhutan has once again sparked discussions among crypto market participants, with its latest transfer of over 490 BTC. This transfer off the wallet comes amid a sudden Bitcoin price rally above $75K.

Bhutan Govt Moves Over 490 BTC, Sparking Selloff Concerns

According to Onchain Lens data, the Royal Government of Bhutan transferred out more Bitcoin from its primary wallet. Notably, it moved 490.87 BTC to new wallets, valued at nearly $32.74 million.

The largest single transfer was 485 BTC worth almost $32.31 million. Bhutan government started moving its holdings amid recent upside momentum in Bitcoin price.

As per Arkham data, the new wallet holds over 2018 BTC worth $152 million. These were transferred over the last 2-3 days, raising concerns about a potential selloff.

As CoinGape reported recently, the Royal Government of Bhutan transferred 300 BTC, valued at roughly $19.3 million at the time of the transaction. These were also transferred to the wallet mentioned above.

Market Context

Bitcoin

BTC

$77,621

+7.16% (24H)

Market Cap

$1.55T

Circulating Supply

20.1M BTC

24H Volume

$69.3B

24H High

$79,511

View Bitcoin Market Page

Article Intelligence

Key Entities

bitcoin

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