According to @lookonchain, wallets attributed to the Royal Government of Bhutan transferred 913 BTC valued at about $107 million to two new addresses on Sept 18, 2025, based on Arkham Intelligence on-chain entity labels for Druk Holding Investments. According to @lookonchain, the tagged entity still holds 9,652 BTC valued at roughly $1.13 billion per Arkham Intelligence data. According to @lookonchain, the movement was to two newly created wallets rather than known exchange deposit addresses, referencing Arkham Intelligence’s entity explorer for Druk Holding Investments.