According to Onchain Lens, the Royal Government of Bhutan transferred 355.51 BTC valued at $387.8M to newly created wallets, flagged via Arkham Intelligence’s Druk Holding & Investments entity tracking page (source: Onchain Lens on X https://twitter.com/OnchainLens/status/1971480257875279974; Arkham Intelligence https://intel.arkm.com/explorer/entity/druk-holding-investments). The Onchain Lens post did not indicate any deposits to centralized exchanges or provide a stated purpose for the move (source: Onchain Lens on X https://twitter.com/OnchainLens/status/1971480257875279974). Traders can monitor the Arkham entity page and the recipient addresses for follow-on transfers or exchange-linked tags to gauge potential market impact (source: Arkham Intelligence https://intel.arkm.com/explorer/entity/druk-holding-investments).

According to @GracyBitget, the USA, China, UK, Ukraine, Bhutan, and El Salvador are cited as the six largest government BTC holders, and a single “Strategy” entity allegedly holds more BTC than these six governments combined, with two data sources linked in the post. source: Gracy Chen on X, 2025-09-01; sources cited: Arkham Intelligence, BitcoinTreasuries. For traders, the post flags potential BTC supply concentration in a single holder and points to validating the claim and monitoring flows via the cited dashboards before positioning around liquidity events. source: Gracy Chen on X, 2025-09-01; sources cited: Arkham Intelligence, BitcoinTreasuries.

According to @KookCapitalLLC, Germany sold all of its Bitcoin holdings at a price of $54,000 per BTC, as reported on May 22, 2025 (source: https://twitter.com/KookCapitalLLC/status/1925480285128323197). This liquidation event is significant for traders because large-scale state sell-offs typically increase market volatility and can trigger short-term price declines or instability in the broader cryptocurrency market. Investors should closely monitor trading volumes and order book depth around the $54,000 level, as this price point may now serve as a critical reference for future resistance or support. The move also underscores how government holdings and their sale strategies can directly influence crypto market sentiment and liquidity.