According to Lookonchain, the Royal Government of Bhutan has transferred 406 BTC, valued at $40 million, to QCP Capital just 15 minutes ago. Despite this transfer, Bhutan still holds a significant amount of Bitcoin, totaling 12,202 BTC, which is valued at approximately $1.2 billion. This move indicates active management of their cryptocurrency reserves and could influence market perceptions of Bitcoin's institutional adoption.

According to @OnchainDataNerd, QCP Capital recently transferred 5 million USDC to Galaxy Digital to accumulate ETH. Shortly after, Galaxy Digital transferred 2,000 ETH back to QCP. Additionally, Galaxy Digital deposited 25 million USDC to Binance and Coinbase yesterday. These transactions suggest active trading and accumulation activities between these entities.

According to @OnchainDataNerd, QCP Capital has deposited 100.5 WBTC, valued at approximately $5.87 million, to Binance just an hour ago. This move could indicate a potential trading strategy or liquidity provision by QCP Capital on the Binance exchange.

According to @0xScopescan, a QCP Capital related address withdrew 76.6K AVAX (worth $2.1 million) from Binance after initially depositing AVAX in Q1. This withdrawal coincided with a 3% increase in the price of AVAX.