Odaily Planet Daily reports, according to Onchain Lens monitoring, the Royal Government of Bhutan recently transferred 20.5 BTC, valued at approximately $1.52 million, to QCP Capital, and an additional 1.02 BTC, valued at approximately $75,900, to a new wallet address.
The Royal Government of Bhutan transfers 20.5 BTC to QCP Capital and 1.02 BTC to a new address.
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Summary
The Royal Government of Bhutan transferred 20.5 BTC (approximately $1.52 million) to QCP Capital and sent 1.02 BTC (around $75,900) to a new address, according to Onchain Lens. This transaction occurs as BTC is increasingly viewed as a hedge against inflation. QCP Capital has previously expressed interest in BTC for long-term wealth preservation. The move may also reflect considerations regarding capital gains tax on cross-border asset transfers.
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