The Royal Government of Bhutan transferred $107 million worth of Bitcoin to new wallets today.

The move represents one of the latest crypto asset transactions by the Himalayan nation, which has been actively involved in Bitcoin operations. The transfer was tracked through blockchain records showing the movement of the digital assets to a different wallet address.

Bhutan has emerged as one of the few countries to directly engage in Bitcoin mining and holdings, utilizing its abundant hydroelectric power resources for cryptocurrency operations.