Bhutan transfers 490 BTC worth $32.7M to new wallets
The Royal Government of Bhutan has moved 490.87 Bitcoin worth about $32.74 million to fresh wallets over the past 24 hours, extending a series of large BTC transfers from state-linked addresses in 2026. According to blockchain analytics platform Onchain Lens, the latest activity included a 485 BTC transfer worth approximately $32.31 million, which accounted for nearly all of the Bitcoin moved during the period. BHUTAN MOVES $32.7M BTC TO FRESH WALLETS The Royal Government of Bhutan moved 490.87 $BTC (~$32.74M) to fresh wallets over the past day. The largest transfer was 485 $BTC (~$32.31M). pic.twitter.com/DQLs7MHrCT — Onchain Lens (@OnchainLens) August 21, 2026 Smaller transactions made up the remaining amount, with Onchain Lens data showing BTC leaving wallets identified as belonging to the Royal Government of Bhutan. The analytics platform did not identify the fresh recipient wallets as exchanges or trading firms, and it did not confirm whether the transfers represented sales. The distinction is important because a transfer to a newly created or unidentified wallet does not establish what happened to the Bitcoin afterward. Bhutan has previously moved BTC to unknown addresses as well as wallets connected to trading firms, making the eventual destination relevant when determining whether funds were sold or simply reorganized. Bhutan Bitcoin transfers have