Bhutan's sovereign wealth fund made a significant Bitcoin allocation shift, moving approximately 100.818 BTC (worth roughly $8.31 million at the time) to QCP Capital just before the cryptocurrency market experienced a notable correction. As reported by Odaily, this move demonstrates the nation's strategic approach to digital asset management during volatile market conditions. The timing of this transfer raises questions about market foresight and the growing sophistication of state-level investment strategies in the crypto space, particularly from emerging economies seeking to diversify their financial holdings beyond traditional reserves.
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Bhutan's sovereign wealth fund made a significant Bitcoin allocation shift, moving approximately 100.818 BTC (worth roughly $8.31 million at the time) to QCP Capital just before the cryptocurrency market experienced a notable correction. As reported by Odaily, this move demonstrates the nation's strategic approach to digital asset management during volatile market conditions. The timing of this transfer raises questions about market foresight and the growing sophistication of state-level investment strategies in the crypto space, particularly from emerging economies seeking to diversify their financial holdings beyond traditional reserves.