The Royal Government of Bhutan, which became one of the first sovereign Bitcoin miners by using surplus hydroelectric power, has moved 643 BTC worth over $45 million to external wallets over the past two days, according to Arkham Intel data The US continues to dominate global government Bitcoin holdings, controlling over 328,000 BTC valued at $22 billion, a growth fueled by last October’s landmark seizure of 127,271 BTC. The case involving the Prince Group, a Cambodian-based transnational criminal organization accused of large-scale investment scams and human trafficking, has sparked international controversy, with China claiming the Bitcoin stash originated from a 2020 theft of mining assets linked to its firms, including LuBian, which has ties to Iran. About Author
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