The Royal Government of Bhutan moved 99.47 Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” rel=”https://cointelegraph.com/bitcoin-price” target=”https://cointelegraph.com/bitcoin-price” title=”https://cointelegraph.com/bitcoin-price”>BTC) worth $12.05 million at the time to crypto exchange Binance through its investment arm, Druk Holding.
Blockchain analytics platform Onchain Lens data-ct-non-breakable=”null” href=”https://x.com/OnchainLens/status/1944637650818015468″ rel=”https://x.com/OnchainLens/status/1944637650818015468″ target=”https://x.com/OnchainLens/status/1944637650818015468″ title=”https://x.com/OnchainLens/status/1944637650818015468″>flagged this most recent transaction on Monday. It brings the Bhutanese government’s total transfers over the last two weeks to 650 Bitcoin, worth $74.24 million.
With the markets turning bullish, these moves may indicate that Bhutan’s government is cashing in on its BTC investments.
