As a seasoned crypto investor with over a decade of experience navigating the volatile world of digital assets, I find the recent move by Bhutan’s Royal Government to transfer 929 Bitcoins to Binance quite intriguing. Having seen governments and institutions dabble in cryptocurrencies before, I can’t help but be reminded of my first foray into Bitcoin when it was worth mere pennies.
929 Bitcoins, valued at approximately $66.16 million, were moved by the Government of Bhutan to Binance as Bitcoin’s all-time high (ATH) neared $73,000. With this transfer, Bhutan now owns a total of 12,456 Bitcoins, which equates to around $886.58 million in value.
The transfer raises speculation about the government’s intentions, with analysts suggesting it may be preparing to sell shares to bitcoin holders.
The current market worth of Bitcoin is around $70,978.86, which means Bhutan’s Bitcoin holdings would amount to approximately $888,977,785.63. With the government keeping a close eye on the ever-changing crypto market, this figure underscores the substantial part of the Bitcoin market that they control.
Read More
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Broadway Box Office: Idina Menzel in ‘Redwood’ Sees Strong Start
- EXCLUSIVE: Mrs star Sanya Malhotra recalls seeing Shah Rukh Khan for 1st time and it’s not on Jawan sets; ‘Mujhey ek mahina…’
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- 😂🚀 Cryptocurrency Shenanigans: Pepe Coin’s Wild Ride & Yeti Ouro’s Rise 🏔️💰
- Neil Gaiman’s Ex-Wife Amanda Palmer on Sexual Assault and Human Trafficking Claims: “I Deny the Allegations”
- Miami Heat Trades Jimmy Butler To the Golden State Warriors
- 📉 Solana’s Plummet: A Meme Coin Meltdown! 🚀
- David Taylor Takes You on a Tour of His Aluminum Explorations
- New Era and BEAMS Reunite for Spring/Summer 2025 Collection
2024-10-29 15:46