Crypto Daily – The Government of Bhutan transferred over $66 million worth of (BTC) to a Binance deposit wallet, sparking rumours that it might be selling part of its holdings. The Kingdom of Bhutan is believed to hold over 13,000 BTC valued at over $900 million at current market prices.
Bhutan, the government with the fourth largest Bitcoin reserves, moved nearly 1,000 BTC into a deposit address on Binance earlier this week.
Bhutan Moves Chunk of BTC Reserve to Binance
The Kingdom of Bhutan made waves earlier this week after transferring nearly 1,000 BTC to a Binance deposit wallet, suggesting it intends to sell part of its holdings. Arkham Intelligence identified the transfer in two separate transactions. Bhutan, which holds over 13,000 BTC, began transferring BTC after it broke through the $70,000 level.
The tiny Asian nation, with a GDP of only $3 billion, amassed its BTC, worth nearly $900 million at current market value, entirely through Bitcoin mining…
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