ChainThink reports that on March 17, according to Onchain Lens monitoring, the Bhutanese government sent 20.5 BTC (valued at $1.52 million) to QCP Capital and 1.02 BTC ($75,900) to a new wallet, with further transfers likely.
Bhutan Government Transfers 20.5 BTC to QCP Capital
ChainthinkShare
Summary
The Bhutanese government transferred 20.5 BTC (worth $1.52 million) to QCP Capital, with 1.02 BTC ($75,900) sent to a new wallet. This move occurs amid discussions on capital gains tax and BTC as a hedge against inflation. Further transfers are likely.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.