Bhutan moves $22.4M in BTC; Arkham flags QCP-linked transfer on Feb 4, 2026

On February 4, 2026, Arkham reported that Bhutan moved $22.4M in Bitcoin from sovereign wallets over the past week, including a transfer five days earlier to QCP Capital-labeled addresses. The country's crypto portfolio has fallen from $1.4B to $412M, and it remains the seventh-largest government BTC holder.