The Royal Government of Bhutan has transferred over $72 million worth of Bitcoin within 24 hours, according to on-chain data from Arkham Intelligence, sparking speculation about a potential halt in the country’s crypto mining operations.
Recent transactions show $44.44 million in Bitcoin moved in a single transfer, contributing to the total $72.3 million outflow. The absence of fresh mining inflows alongside these significant transfers has led market participants to question whether Bhutan has paused or ended its state-backed mining activity.
Bhutan has been widely recognized for its quiet but strategic involvement in crypto mining, making this sudden shift noteworthy. Analysts suggest the move could indicate a broader change in the country’s digital asset strategy, drawing increased global attention to how governments manage crypto reserves and mining initiatives.
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