Bhutan transferred 90 BTC to the Segwit address, reducing its BTC holdings by approximately 10,000 BTC since October 2024.

CoinFeed reported on May 25th that, according to Arkham, Bhutan recently transferred another 90 BTC (approximately $7 million) to the Segwit address, potentially indicating a transfer or sale to a third party. Arkham points out that since the beginning of this year, Bhutan has transferred approximately $237.39 million worth of BTC from its BTC custodian address to the Segwit address, currently holding approximately $233.18 million worth of BTC. According to on-chain data, Bhutan's BTC holdings have decreased by approximately 10,000 BTC since peaking at approximately 13,390 BTC in October 2024.