Bhutan transfers 490 BTC worth $32.7M to new wallets

The Royal Government of Bhutan has moved 490.87 Bitcoin worth about $32.74 million to fresh wallets over the past 24 hours, extending a series of large BTC transfers from state-linked addresses in 2026. Summary Bhutan transferred 490.87 BTC worth about $32.74 million to fresh wallets over the past day. The largest transaction involved 485 BTC valued at roughly $32.31 million. State linked Bitcoin transfers have continued throughout 2026, with funds previously moving to unidentified wallets, trading firms and exchanges. Bhutan accumulated much of its Bitcoin through state backed mining powered by hydroelectric energy. According to blockchain analytics platform Onchain Lens, the latest activity included a 485 BTC transfer worth approximately $32.31 million, which accounted for nearly all of the Bitcoin moved during the period. BHUTAN MOVES $32.7M BTC TO FRESH WALLETSThe Royal Government of Bhutan moved 490.87 $BTC (~$32.74M) to fresh wallets over the past day.The largest transfer was 485 $BTC (~$32.31M). pic.twitter.com/DQLs7MHrCT— Onchain Lens (@OnchainLens) August 21, 2026 Smaller transactions made up the remaining amount, with Onchain Lens data showing BTC leaving wallets identifi...