Bitcoin Seller’s Delight: Bhutan Transfers $40M In BTC To QCP Capital
Posted On December 9, 2024
The Royal Government of Bhutan has transferred 406.074 BTC, valued at approximately $40 million, to QCP Capital, according to data from Onchain Lens.
While the exact purpose of the transfer remains speculative, it is suspected to be linked to a potential sale.
Bhutan’s government wallet continues to hold 11,791 BTC, worth about $1.16 billion, making it the fourth-largest government holder of Bitcoin globally.
Details of Bhutan’s Bitcoin Holdings
Data from Arkham Intelligence reveals the Royal Government of Bhutan’s robust cryptocurrency portfolio. Its holdings primarily include:
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