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The Royal Government of Bhutan moved 99.47 Bitcoin (BTC) worth $12.05 million at the time to crypto exchange Binance through its investment arm, Druk Holding.
Blockchain analytics platform Onchain Lens 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.
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The Royal Government of Bhutan moved 99.47 Bitcoin (BTC) worth $12.05 million at the time to crypto exchange Binance through its investment arm, Druk Holding.
Blockchain analytics platform Onchain Lens 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.
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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