ME News reports that on May 25 (UTC+8), according to Arkham monitoring, the Bhutanese government address transferred 90 BTC (approximately $7 million) to a Segwit address, which is distinct from its previous P2SH address starting with "3." Arkham noted that such actions typically indicate asset transfers to external parties or preparations for sale. Since the beginning of this year, Bhutan has transferred a total of approximately $237 million worth of BTC to multiple Segwit addresses and currently holds around $233 million in BTC. (Source: Foresight News)
Bhutan Government Transfers 90 BTC, $237 Million Total Value Moved This Year
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Summary
According to MetaEra, the Bhutanese government transferred 90 BTC (approximately $7 million) to a Segwit address on May 25 (UTC+8), following global trends of using BTC as an inflation hedge. This transaction differs from its earlier P2SH holdings address. Arkham noted that such activity often precedes asset transfers or sales. Since the start of the year, Bhutan has moved $237 million worth of BTC to Segwit addresses and now holds approximately $233 million in BTC, in alignment with CFT (Countering the Financing of Terrorism) compliance measures.
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