Bhutan has continued to reduce its Bitcoin exposure in March, moving fresh funds from a state-linked wallet. Data tracked by Arkham shows the latest transfer took place on Wednesday, adding to a series of transactions that have steadily lowered the country’s holdings since late 2024. The move highlights how Bhutan is actively managing its digital asset reserves while continuing to position Bitcoin as part of its economic strategy, including mining operations and long-term development projects tied to crypto infrastructure. Fresh transfers tracked onchain Arkham data shows a Bhutan government-linked wallet transferred around 519.7 BTC, valued at about $36.7 million, to two separate wallets on Wednesday.
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