Bitcoin News
By Steven Anderson
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Third Major Bitcoin Transfer This Month. This latest move is not an isolated event. Earlier in August, Bhutan initiated two other…
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Bitcoin Price Under Pressure. The timing of Bhutan’s transfers coincides with Bitcoin’s recent struggle to maintain momentum…
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Bhutan Among the World’s Top Bitcoin Holders. Regardless of short-term moves, Bhutan remains one of the largest sovereign holders of Bitcoin…
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Market Speculation: Profit-Taking or Custody Restructure?. Bhutan’s repeated transfers have divided analysts and traders into two main camps:
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Why Bhutan’s Bitcoin Moves Matter. Bhutan’s crypto activity matters because of its outsized influence relative to its size.
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Looking Ahead: Uncertainty and Opportunity. For now, Bhutan’s August transactions have left the market guessing.
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The Royal Government of Bhutan has once again captured headlines in the crypto world after moving nearly 800 Bitcoin (BTC)—valued at approximately $92 million—into two new wallets.
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This latest move is not an isolated event. Earlier in August, Bhutan initiated two other high-value Bitcoin transactions that drew the attention of blockchain analysts and crypto…
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On August 5, Bhutan transferred 517 BTC to an unknown wallet address.
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Just two days later, on August 7, another batch was traced to a Cobo Hot Wallet, with the coins valued at an average price of $116,557 per BTC.
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At the time, reports confirmed that the funds were destined for sale, with Cobo—a well-known custodian in the digital asset industry—managing the process.
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With the August 18 transfer of 799.69 BTC, blockchain analytics firm Arkham Intelligence confirmed that this was now the third major Bitcoin movement from Bhutan this month,…
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The timing of Bhutan’s transfers coincides with Bitcoin’s recent struggle to maintain momentum after touching fresh highs earlier this month.
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Bitcoin surged to a record $124,500 on August 14, 2025.
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Since then, the cryptocurrency has slid back to around $115,300, marking a 2.3% decline over the past 24 hours and nearly a 5% loss on the weekly chart.
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