Odaily Planet Daily reports, according to Arkham monitoring, approximately four hours ago, the Bhutan government address transferred 175 BTC, valued at $11.85 million. The previous such transaction occurred a month ago, when 7 million USD worth of BTC was sold through QCP Capital.
Bhutan government address transfers 175 BTC worth $11.85M
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Summary
The Bhutan government transferred 175 BTC worth $11.85 million amid CFT monitoring. The transaction occurred four hours ago and was tracked by Arkham. A similar $7 million BTC transaction took place one month ago via QCP Capital. Authorities are likely using BTC as a hedge against inflation while ensuring compliance with CFT regulations.
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