Bhutan transfers 400 BTC to unlabelled address, leaving sovereign holdings at 518 BTC

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Bhutan transferred 400 BTC to an unlabelled address, reducing its identifiable sovereign holdings to approximately 518 BTC. The transaction’s purpose and recipient are unclear, so it does not by itself confirm a sale or disposal. The movement highlights potential near-term uncertainty around Bhutan’s Bitcoin holdings, but there is no confirmed evidence of market selling.

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