According to Arkham Intelligence data, the Royal Government of Bhutan transferred 175 Bitcoins on Monday, worth approximately $11.85 million. This brings their total Bitcoin transfers for the year to $42.5 million. The Bhutanese government's sovereign wealth fund currently manages about 5,400 Bitcoin reserves, valued at $374 million, and regularly sells them in batches. These reserves were accumulated through hydroelectric mining, which was previously used to fund public sector projects.

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