Ah, behold the noble realm of Bhutan, where the mountains touch the heavens and the coffers, it seems, are in a most peculiar dance! Lo, the Royal Government hath moved yet another 100.44 BTC, a sum of $8.2 million, as if ’twere but a trifle in their grand treasury. A pattern most curious, methinks, as the blockchain scribes of Arkham Intelligence doth chronicle this months-long exodus of digital riches.
- Bhutan, with a flourish of their quill, hath dispatched 100.44 BTC to an unlabeled wallet, a move as mysterious as a masked ball in Versailles. The outflows, they persist, even as May doth bloom.
- Arkham, those astute observers, declare that Bhutan’s wallets have parted with over $230 million in bitcoin since the dawn of 2026. A sum so vast, it could fund a dozen royal banquets!
- Yet, fear not, for Bhutan still holds 3,119 BTC, though their reserves have dwindled from the once-mighty 13,000 BTC of 2024. A tale of wealth and woe, as Shakespeare might pen.
On a Tuesday morn, at the stroke of 5:27 a.m. UTC, the Royal Treasury executed their maneuver with three swift transactions to a wallet marked “bc1qn.” Arkham, ever vigilant since 2024, doth whisper that this move bears the mark of a seller’s hand. Ah, the intrigue of it all!
The analysts, with their quills and ledgers, estimate that Bhutan’s wallets have shed over $230 million since 2026’s dawn, a monthly average of $50 million. Yet, should they liquidate their remaining hoard, a profit of $767 million awaits. A fortune fit for a king, or perhaps a cunning jester!
The destination wallet, alas, remains a riddle, though past transfers have found their way to Binance and Galaxy Digital. Yet, Arkham doth caution that this latest move may not herald an immediate sale, for the coins have merely migrated from an old “3” address to a new SegWit “bc1q” abode. A mere change of garments, perhaps?
For the uninitiated, the ancient Bitcoin addresses doth begin with “1” or “3,” while the modern SegWit wallets flaunt their “bc1q” and Taproot’s “bc1p.” Progress, they say, is inevitable, even in the realm of digital coin.
Bhutan’s BTC Reserves: A Tale of Ebbing Tides
This latest activity follows a series of grand transfers earlier in the year. In March, the blockchain chroniclers Onchain Lens and Arkham spied transactions totaling 700 BTC, then valued at $50 million, from wallets tied to Druk Holding & Investments, Bhutan’s sovereign arm.
One such transfer, 325 BTC, found its way to Galaxy Digital, while another 375 BTC vanished into an unknown wallet, suspected to be the lair of an OTC trader or custodian. A mystery most befitting a Molière farce!
Yahoo Finance, ever the gossip, reported that Bhutan moved over $84 million in March alone, while MEXC News spied another 519.7 BTC transaction linked to QCP Capital. And let us not forget the 175 BTC transferred when Bitcoin danced at $68,600, as Bitcoin.com doth recount.
Arkham’s latest scroll reveals Bhutan still holds 3,119 BTC, valued at $252.3 million. A far cry from the 13,000 BTC of 2024, as nearly 3,000 BTC have fled their wallets this year. A fiscal ballet, indeed, with steps both graceful and perplexing!
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2026-05-12 13:58