10.779 BTC Transferred from Bhutan Government Wallet to New Addresses

10.779 Bitcoins (BTC) have been transferred from a wallet associated with the Bhutanese royal government to two new addresses. The amount is valued at approximately $835,000. According to on-chain data, the transfer was confirmed to have occurred on the 22nd at 3:41 PM Korean time. One of the receiving addresses is 32jhgBZ8hjVrrYaEQmz75BBve6rxdVyuR8. This transfer is part of the BTC movement from a government-related wallet and has become a target for on-chain tracking. However, compared to a previous instance where 490 BTC held by the Bhutanese government were moved to a new wallet, the scale of this transfer is relatively small. The Bhutanese government-related BTC wallet has attracted market attention due to its large holdings and fund movements. In the past, there was also a case where 300 BTC were transferred from a wallet associated with the Bhutanese kingdom to a new wallet. On-chain movements can occur for various reasons, including changes in asset storage methods, internal wallet organization, external custodianship, or transaction preparations. In this case, only one of the two receiving addresses has been disclosed, and there is no information indicating that the receiving wallet is connected to an exchange or over-the-counter trading desk.

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