Bhutan Government Moves Another 400 Bitcoin Worth $30.6M to External Address

The Royal Government of Bhutan has transferred 400 Bitcoin, valued at approximately $30.62 million, to an external wallet, according to on-chain tracking data from Lookonchain.
The movement extends a series of outbound transfers from state-linked addresses, which on-chain analysts frequently monitor as a potential precursor to institutional spot sales or exchange deposits. Bhutan has accumulated a substantial national crypto reserve through government-run mining facilities powered by surplus hydroelectric energy since 2019, periodically mobilizing portions of its holdings to fund national infrastructure and digital asset initiatives.