With the rise in Bitcoin, the Bhutanese Government, one of the countries with the most BTC, made a new transfer.
According to Lookonchain's post based on Arkham data, the Bhutanese government deposited 365 Bitcoins worth $33.5 million to Binance.
They still have a total of 12 thousand BTC in their hands.
Royal Government of #Bhutan deposited 365 $BTC($33.31M) to #Binance 40 minutes ago.
Royal Government of #Bhutan currently holds 12, 573 $BTC($1.15B).https://t.co/hiNf1ySism pic.twitter.com/1Jj4Sj6t8V
— Lookonchain (@lookonchain) November 14, 2024
They Had Sold Bitcoin (BTC) Before!
Arkham Intelligence announced in September that another country had Bitcoin. Accordingly, it was revealed that the South Asian country of Bhutan, one of the most isolated countries in the world, also had 13,011 BTC worth approximately $780.49 million.
Bhutan’s Bitcoin address was first identified in September, with Arkham noting that Bhutan was the fourth largest government holding the most BTC.
While the Bitcoins in its possession were increasing in value day by day, the Bhutanese government made a sale at the end of October and transferred 929 Bitcoins worth $66.16 million to Binance.
*This is not investment advice.
