The Bhutan Royal government once again moved a large Bitcoin and began to talk in the cryptocurrency market.
About $ 92 million, almost 800 BTCs were transferred to two new wallets on August 18, 2025. It was added to a series of transactions early this month and made a speculation about whether the Himalayan kingdom is preparing for arms.
Third transaction this month
Bhutan didn’t pay attention for the first time in August. On August 5, the government moved the 517 BTC to an unknown address.
Two days later, on August 7, another batch was tracked with an average of $ 116,557 with Kobo Hot Wallet.
The Bhutan Royal Government moved 799.69 $ BTC$ 92.06m, two new wallets are likely to be deposited into CEX.#Binance) .https: //t.co/q4dw3QJBT5 pic.twitter.com/brvm3o90ui
-Onchain Lens (@onchainlens) August 18, 2025
According to the report, Kobo was the manager of Bhutan’s Bitcoin Holdings and confirmed that the coin was sold.
In the latest update, Arkham, a Blockchain Analytics company, confirmed the 799.69 BTC movement and emphasized the third main deal of Bhutan this month.
Bitcoin’s price pressure
Timing comes as Bitcoin struggles to maintain its recent high. The token reached $ 124,500 on August 14, 2025, returning to $ 115,300.
According to the data, it has been 2.30% for 24 hours and almost 5% in weeks. Platforms like Onchain Lens suggested that Bhin’s most recent relocation could be connected to Binance, with no official words from Bhutan authorities.
Market watchers say that such transfer often suggests sales, but can be part of wallet restructuring or custody change.
BTCUSD trading at $115,489 on the 24-hour chart: TradingView
Bhutan’s place among the best holders
Despite this movement, Bhutan is one of Bitcoin’s largest national holders. The current estimates have been reserved for about 9,969 BTC, about $ 11 billion.
This kind of figure is the sixth largest holder of the world, behind the United States behind the United States, with 198,000 BTC, 190,000 BTC, the United Kingdom, 61,240 BTC, Ukraine with 46,350 BTC, and North Korea with 13,560 BTC.
Bhutan’s Holdings returns to mining, unlike other countries that have built stacks mainly by seizures.
At the moment, repetitive amounts guess the market. Some traders are seen as a sign of profit since Bitcoin’s latest highs.
Others say that it can be just about custody adjustment. Without the confirmation of Bhutan, the reason for the movement is still uncertain.
META’s main image, TradingView chart
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