The Royal Government of Bhutan has once again moved a large batch of Bitcoin, sparking talk across the crypto market.

Nearly 800 BTC , valued at about $92 million, was shifted on August 18, 2025, into two new wallets. The move added to a series of transactions made earlier this month and has fueled speculation about whether the Himalayan kingdom is preparing to sell.

Third Transaction This Month

This is not the first time Bhutan has drawn attention in August. On August 5, the government transferred 517 BTC to an unknown address.

Just two days later, on August 7, another batch was tracked to a Cobo Hot Wallet at an average price of $116,557.

The Royal Government of Bhutan has transferred 799.69 $BTC , worth $92.06M, into 2 new wallets, likely for deposit into a CEX ( #Binance

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