Fresh $34M Bitcoin Transfer By Bhutan Sparks Speculation—Dump Alert?

Quick Summary:

A series of Bitcoin transfers from wallets linked to the Bhutanese government has caught the attention of cryptocurrency watchers.

According to blockchain data from Arkham, addresses tied to Druk Holdings, the commercial arm of Bhutan’s government, moved 419.5 Bitcoin worth approximately $34.51 million to an unidentified address on April 2.

According to price data, Bitcoin recovered from a low of $81,014 to reach $82,005 before slightly pulling back.This represents a 2.5% rebound within a day.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryBhutanUnited States

Topics: Btcusd Bhutan Bitcoin Arkham Bitcoin Btc Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-04 @ 12:30:46 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 27583331

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