The Government of Bhutan transferred 175 BTC with a total value of $11.85M today, according to data from Arkham. The transaction involved Bitcoin and was reported by Arkham without additional contextual information on the destination or purpose of the funds.

Bitcoin's mined supply has surpassed 20 million BTC, marking a milestone in the network's circulating issuance. Nasdaq has entered a partnership with crypto exchange Kraken to advance tokenization initiatives, reflecting growing institutional engagement with digital asset infrastructure. The developments highlight the convergence of Bitcoin's fixed supply mechanics and traditional markets' interest in tokenized products within the broader crypto ecosystem.

Strategy, led by Michael Saylor, acquired more than 800 bitcoin in a single day, latest assessments show. The purchase marks a significant increase in the company's total BTC holdings.

Bhutan transferred approximately 175 BTC worth about $12 million, Arkham Intel data show. The Royal Government of Bhutan continues to hold more than $370 million in BTC following the on-chain movement.

The Bitcoin network has crossed the milestone of 20 million coins mined, leaving fewer than 1 million bitcoins yet to be created under its fixed supply cap of 21 million. The protocol's programmed issuance schedule distinguishes it from traditional currencies that lack supply limits.

On March 9, Bitcoin ETFs posted a daily net inflow of 5,409 BTC worth $372.46 million and a weekly net inflow of 8,154 BTC valued at $561.46 million. Ethereum ETFs recorded a daily net inflow of 36,599 ETH worth $74 million and a weekly net inflow of 8,749 ETH valued at $17.69 million. Solana ETFs saw a daily net inflow of 68,933 SOL worth $5.86 million and a weekly net inflow of 266,247 SOL valued at $22.63 million.

Bitcoin's circulating supply reached 20 million BTC, with the remaining 1 million coins projected to be mined over the next 114 years, glassnode data show. The milestone highlights Bitcoin's programmed issuance schedule and the extended timeline to reach its 21 million BTC cap.

BTC short-term implied volatility climbed above 65% and ETH short-term implied volatility surpassed 80% on March 9, marking recent peaks as traders price in heightened market swings, Greeks.live analyst Adam said. Three major U.S. macro releases are scheduled this week, with February CPI due Wednesday, unemployment data Thursday, and the January PCE price index Friday. Adam noted the more substantial macro factor behind current sentiment is the disruption of global oil transportation linked to military actions by the U.S. and Israel against Iran in the Strait of Hormuz, adding that implied volatility across major maturities has risen notably since last week while skew has decreased markedly in recent days, signaling stronger demand for downside protection.