Buddhist Kingdom Bhutan Transfers $40 Million in Bitcoin to Crypto Firm QCP Capital

The Royal Government of Bhutan has transferred 406.074 Bitcoin, worth around $40 million, to prominent cryptocurrency investment firm QCP Capital in a move that is believed to be leading to the sale of these funds. The transaction was first spotted by Onchain Lens, and according to Arkham Intelligence’s data, Bhutan’s sovereign holding company Druk Holdings is