The Royal Government of Bhutan has transferred 100 Bitcoin, worth around $6.77 million, to QCP Capital, a Singapore-based digital assets trading firm. This move is part of Bhutan's strategy to manage its cryptocurrency holdings, likely for portfolio rebalancing, hedging, or yield generation.
*Key Points:*
- *Transaction Details*: The transfer was flagged by Onchain Lens, which tracks large and entity-linked wallet movements.
- *Bhutan's Crypto Strategy*: The country has been mining Bitcoin using its abundant hydroelectric power and is now leveraging its crypto assets for financial operations.
- *Global Context*: This move validates Bitcoin's role in institutional portfolios and demonstrates how nations can utilize digital assets for economic resilience.
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