PANews reported on May 25th that, according to Arkham, Bhutan recently transferred another 90 BTC (approximately $7 million) to the Segwit address, potentially indicating a transfer or sale to a third party. Arkham points out that since the beginning of this year, Bhutan has transferred approximately $237.39 million worth of BTC from its BTC custodian addresses to the Segwit address, currently holding approximately $233.18 million worth of BTC. Furthermore, on-chain data shows that Bhutan's BTC holdings have decreased by approximately 10,000 BTC since peaking at approximately 13,390 BTC in October 2024.