Bhutan’s Government Transfers $47 Million Worth of Bitcoin Again — What Will Be the Impact?

Jakarta, Pintu News – On September 24, Lookonchain reported that the Royal Government of Bhutan had made a Bitcoin (BTC) transfer worth $47.23 million. This is the second transfer in two consecutive weeks, indicating an increase in outflows following the first interest rate cut by the US Federal Reserve in 2025.

Big Deals by the Government of Bhutan

The Bhutanese government has transferred 419.5 Bitcoin (BTC) to several new wallet addresses. This marks the second week in a row where large transactions were made by the government. Last week, a wallet labeled as the Bhutanese government transferred 913 Bitcoin (BTC) worth almost $107 million.

According to data from Arkham, a fraction of Bitcoin (BTC) holdings have been sold to Binance in recent months, while governments continue to add to their crypto assets through mining.

The Royal Government of Bhutan’s native wallet still holds 9,232 Bitcoin (BTC), which is currently worth around $1.04 billion. This shows that despite the sale, the government is still holding on to most of their crypto assets.

Also read: Tom Lee’s Prediction: Ethereum (ETH) Could Reach $12,000 by the End of the Year!

Bearish Market Sentiment

Several research institutions such as 10x Research and Matrixport have predicted a decline in Bitcoin (BTC) price. The $109,899 level is a key point to watch amid negative sentiment among options traders, whales, and spot Bitcoin ETF investors.

Slightly hawkish comments from Fed Chair Jerome Powell have dampened expectations for further rate cuts this year, emphasizing that uncertainty regarding the path of inflation remains high.

Newly appointed Fed Governor Stephen Miran was the only one in favor of a 50 basis point cut. This suggests a difference of opinion among Fed officials regarding the upcoming monetary policy.

Also read: MBK Co., Ltd Launches Property Payment Service with Bitcoin (BTC)!

Bitcoin Price Stability

Currently, Bitcoin (BTC) price is hovering around $112,550, down 0.2% in the last 24 hours. The lowest and highest prices in 24 hours were $111,229 and $113,351. Trading volume has dropped 13% in the last 24 hours, indicating a decline in interest among traders.

Data from CoinGlass shows mixed sentiment in the derivatives market. Total open interest for Bitcoin (BTC) futures rose 0.06% to $81.69 billion in the last 24 hours. Bitcoin (BTC) futures open interest on CME fell 1.85% while that on Binance rose 0.22%, signaling cautious trading among derivatives traders.

Conclusion

With the various dynamics taking place in the crypto market and global monetary policy, the Government of Bhutan’s move to manage their crypto assets is crucial. Their decision to sell some of their Bitcoin (BTC) may be a strategy to secure the country’s finances amid global economic uncertainty.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Bhutan Govt Moves $47M BTC Amid Rising Selling Pressure. Accessed on September 25, 2025
• Featured Image: Generated by AI