The Bhutan government moved part of its BTC holdings to the Binance exchange as it sought to offload these coins. This move comes amid the recent parabolic rally for the Bitcoin price, which indicates that the government might simply be looking to secure profits. Bhutan Sells $33 Million Worth Of Bitcoin Arkham Intelligence data shows that the Royal Government of Bhutan moved just over 367 BTC ($33 million) to the Binance exchange today. This in…

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Kingdom of Bhutan just deposited 365 Bitcoin on Binance; Is it going to sell?

The Kingdom of Bhutan’s Bitcoin (BTC) strategy may shift after the country moved a significant portion of its holdings to … Continue reading The post Kingdom of Bhutan just deposited 365 Bitcoin on Binance; Is it going to sell? appeared first on Finbold.

The Kingdom of Bhutan’s Bitcoin (BTC) strategy may shift after the country moved a significant portion of its holdings to Binance. The Asian country transferred about 365 BTC, valued at approximately $33.3 million, to a Binance deposit address on November 14, coinciding with a period when Bitcoin was trading around its all-time high of over $90,000, according to data retrieved by Finbold from on-chain analysis platform Arkham. Kingdom of Bhutan …

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CoinStats - Just In: Bhutan Government Sells $33M BTC Thr...

Bhutan sells Bitcoin on Binance to secure profits from rising prices. The government holds over 12,000 BTC, indicating potential future sales. Continue Reading: Bhutan Government Sells Bitcoin on Binance to Secure Profits The post Bhutan Government Sells Bitcoin on Binance to Secure Profits appeared...

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Bhutan Government Sells Bitcoin on Binance to Secure Profits

In the rapidly shifting cryptocurrency world, Bhutan is steadily establishing its footprint with a unique and calculated approach to digital assets. This small Himalayan nation recently caught the attention of crypto-watchers worldwide when it deposited 365 Bitcoin (BTC), valued at approximately $33.31 million, into Binance, the world’s largest cryptocurrency exchange. On November 14, 2024, Lookonchain, […]

Bitcoin Insider

Bhutan government transfers $33.31M in BTC to Binance

Bhutan made a move by selling 367 Bitcoin (BTC) worth about $33.5 million on Binance. Is Bhutan utilizing the BTC surge?  Bhutan has been quietly mining Bitcoin since 2021. Using its hydropower, Bhutan runs low cost, sustainable mining operations and has accumulated over 12,200 BTC, worth about $1.11 billion, making it one of the largest government holders of Bitcoin. Why Bhutan Is Selling Bitcoin According to Arkham Intelligence, Bhutan moved B…

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Royal Bhutan Government Sells 367 Bitcoin on Binance

Bhutan Government moved a significant amount of Bitcoin to Binance, likely to take profits, amid rising prices and a new ATH for BTC.

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Bhutan Government Moves Bitcoin to Binance Exchange

Bhutan sells Bitcoin on Binance to secure profits from rising prices. The government holds over 12,000 BTC, indicating potential future sales.
Continue Reading:Bhutan Government Sells Bitcoin on Binance to Secure Profits
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Just In: Bhutan Government Sells $33M BTC Through Binance

Arkham’s on-chain data revealed that the Royal Government of Bhutan (Druk Holdings) deposited 367.26 BTC worth $33.51M into Binance two hours ago. The data showed that the Bhutanese government had transferred 6.954 BTC worth 634.53K to a wallet: T5CvdRzkeyi1Vj only an hour before the Binance deposit. However, the BTC was still unspent. The on-chain data from Arkham showed that the Royal Government of Bhutan had been accumulating Bitcoin. Accordi…

Just In: Bhutan Government Sells $33M BTC Through Binance

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