The Royal Government of Bhutan has transferred more than $100 million worth of Bitcoin to two different crypto wallets. This move follows the Fed’s first interest rate cut of 2025; now, investors are concerned about potential sell pressure in the market. According to on-chain data, the Bhutan government-labelled wallet moved 913 Bitcoin worth about $107 million into two newly created crypto wallets on Thursday. It is unclear what the government plans to do with the BTC transferred, but investors view it as a preparation to sell a portion of its holdings.