Bhutan Transfers 406 BTC to QCP Capital

12/9/2024 10:32:51 AM

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. (Source)

Bitcoin BTC QCP Capital Bhutan

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