Bhutan’s Royal Government just moved 751.31 BTC ($74.15M) to 3 new wallets—possibly internal moves:

• 400 BTC ($39.48M) to bc1q8fdnvs8r9qtlnq2gnzl6x3x6zg768hlf8af3hak44l66ad7zzcrqf9euxk;
• 277.78 BTC ($27.42M) to 32BRLG5mvFcP4q4DJGQUzeVfApnZJ9fhkE;
• 73.53 BTC ($7.26M) to 3NZHdUq9Q6KrE9ZNF6Qfz9TtWxhvbK9C2r.
• transaction 1: 3430d20e58f5d2b537affe9668a82ce73e425094595d2baf8ded1971ee458d89
• transaction 2: d5bb0555ce16b118035801a9ab3247b0173e5923ddc8e62ce31bb62c620374a2
• Royal Government of Bhutan's known address: 34oXLrbcr826hmzqz3xzYmsdEuGKdHtYxa
• These addresses (likely) belong to the entity Royal Government of Bhutan

Notably:

• Last movement: on January 17, 2025, the Royal Government of Bhutan moved 633 BTC to 2 new wallets, and still hold them there.

• Last offload: on December 9, 2024, the Royal Government of Bhutan offloaded 402 BTC via OTC with QCP Capital at an estimated unit price of $98.7K per BTC ($39.7M).

• Current holdings: the Royal Government of Bhutan still holds around 10.6K BTC ($1.05B) across 23 wallets—the world’s 4th-largest government BTC holder.

Fig 1. Bhutan’s Royal Government moved 751.31 BTC ($74.15M) to 3 new wallets—possibly internal moves.