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Crypto
Bhutan Government Transfers 160 ETH to QCP Capital
11/28/2025, 05:06
11/28/2025, 05:36
AI SUMMARY
●Royal Government of Bhutan moves 160.35 ETH ($483k) to QCP Capital.
●Analysts speculate on potential OTC sales or yield generation strategies.
●Monitoring continues for further deposits from the government entity.
On-chain data confirms that the Royal Government of Bhutan has transferred 160.35 ETH, valued at approximately $483,000, to institutional crypto market maker QCP Capital. This movement is part of the government's active management of its digital asset holdings.
Analysts are closely monitoring the associated address for further activity. The transfer has sparked speculation regarding potential OTC sales or yield-generation strategies, as on-chain signals suggest the government entity may deposit additional funds in the near future.
[Update 1] New reports highlight that analysts expect potential further deposits, raising questions about whether the move signifies an intention to sell via OTC desks or engage in asset management strategies.