Bhutan has once again attracted attention in the crypto market after blockchain data revealed that wallets linked to the government moved more than $67 million worth of Bitcoin in the last 24 hours.
According to Arkham Intelligence, multiple transactions were recorded, with the largest involving nearly 365 BTC valued at more than $22 million.
Several additional transfers ranging from 188 BTC to smaller amounts were also observed, bringing the total moved to approximately 1,095 BTC.
While the transfers have fueled speculation that Bhutan may be selling part of its holdings, officials have previously denied reports of Bitcoin sales.
The activity comes at a time when Bitcoin faces renewed bearish pressure, with some analysts warning that the asset could fall toward the $48,000 level if selling momentum continues.
Royal Government of #Bhutan transferred out 738 $BTC($44.88M) again.https://t.co/NTtuYsnTcS pic.twitter.com/0UpBeFVFGe
— Lookonchain (@lookonchain) June 6, 2026
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