{"id":43055,"date":"2025-08-20T00:01:31","date_gmt":"2025-08-20T00:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43055"},"modified":"2025-08-20T00:01:31","modified_gmt":"2025-08-20T00:01:31","slug":"92-million-bitcoin-transfer-bhutan-shuffles-800-btc-amid-price-drop","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43055","title":{"rendered":"$92-Million Bitcoin Transfer: Bhutan Shuffles 800 BTC Amid Price Drop"},"content":{"rendered":"
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The Royal Government of Bhutan has once again moved a large batch<\/a> of Bitcoin, sparking talk across the crypto market.<\/p>\n

Nearly 800 BTC<\/a>, valued at about $92 million, was shifted on August 18, 2025, into two new wallets. The move added to a series of transactions made earlier this month and has fueled speculation about whether the Himalayan kingdom is preparing to sell.<\/p>\n

Third Transaction This Month<\/h2>\n

This is not the first time<\/a> Bhutan has drawn attention in August. On August 5, the government transferred 517 BTC to an unknown address.<\/p>\n

Just two days later, on August 7, another batch was tracked to a Cobo Hot Wallet at an average price of $116,557.<\/p>\n

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The Royal Government of Bhutan has transferred 799.69 $BTC<\/a>, worth $92.06M, into 2 new wallets, likely for deposit into a CEX (#Binance<\/a>).https:\/\/t.co\/q4dW3qJBT5<\/a> pic.twitter.com\/bRvm3o90UI<\/a><\/p>\n

\u2014 Onchain Lens (@OnchainLens) August 18, 2025<\/a><\/p>\n<\/blockquote>\n

Reports confirmed that those coins were headed for sale, with Cobo acting as custodian of Bhutan\u2019s Bitcoin holdings.<\/p>\n

In its latest update, blockchain analytics firm Arkham confirmed the 799.69 BTC move and highlighted that this was the third major transaction from Bhutan this month.<\/p>\n

Bitcoin\u2019s Price Pressure<\/h2>\n

The timing comes as Bitcoin struggles to hold onto recent highs. The token reached a record $124,500 on August 14, 2025, before sliding back to $115,300.<\/a><\/p>\n

Data shows it was down 2.30% in 24 hours and nearly 5% over the week. Platforms like Onchain Lens suggested that Bhutan\u2019s most recent transfer may be linked to Binance, though no official word has come from Bhutanese authorities.<\/p>\n

Market watchers say such transfers often hint at a possible sale, but they can also be part of wallet restructuring or custody changes.<\/p>\n

<\/p>\n

Bhutan\u2019s Place Among Top Holders<\/p>\n

Even with these movements, Bhutan remains one of the biggest nation-state holders of Bitcoin. Current estimates put its reserves at around 9,969 BTC, worth about $1.15 billion.<\/p>\n

That kind of figure makes Bhutan the sixth-largest holder worldwide, behind the US with 198,000 BTC, China with 190,000 BTC, the UK with 61,240 BTC, Ukraine with 46,350 BTC, and North Korea with 13,560 BTC.<\/p>\n

Unlike other countries that built their stacks mostly from seizures, Bhutan\u2019s holdings trace back to mining<\/a>.<\/p>\n

For now, the repeated transfers leave the market guessing. Some traders see it as a sign of profit-taking after Bitcoin\u2019s latest peak.<\/p>\n

Others say it may just be about custody adjustments. Without confirmation from Bhutan, the reason behind the moves remains uncertain.<\/p>\n

Featured image from Meta, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Royal Government of Bhutan has once again moved a large batch of Bitcoin, sparking talk across the crypto market. Nearly 800 BTC, valued at about $92 million, was shifted on August 18, 2025, into two new wallets. The move added to a series of transactions made earlier this month and has fueled speculation about […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43055","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43055"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43055\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}