Bhutan ‘doesn’t recall’ selling any bitcoin, disputing widely-tracked $1 billion BTC drawdown

Arkham Intelligence data indicates that over $1 billion in Bitcoin has moved out of wallets attributed to the Kingdom of Bhutan during the past year, with funds reportedly flowing to various cryptocurrency exchanges and trading firms. Despite this on-chain activity, Bhutan's government has publicly stated that it has no recollection of selling any Bitcoin, directly disputing the widely tracked drawdown reported by Arkham Intelligence. This creates a significant discrepancy between analytical data and official statements regarding a nation-state's substantial Bitcoin holdings.