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Bhutan Moves $36.7M in Bitcoin as March Outflows Accelerate
Bhutan has moved additional Bitcoin from its state-linked wallet, extending a pattern of outflows throughout March. Blockchain data shows that approximately 519.7 BTC, valued at around $36.7 million, was transferred to two wallets, with one linked to trading firm QCP Capital. This marks the third notable transfer by the Bhutan-linked wallet this month. Earlier activity included roughly $72 million moved across six transactions in the 24 hours leading up to March 18, and an additional $11.8 million transfer on March 9. The pace of selling represents a clear increase from February, when the wallet moved just over 284 ... (full story)
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