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
- CRK Boss Rush guide – Best cookies for each stage of the event
- Summoners Kingdom: Goddess tier list and a reroll guide
- Adriana Lima Reveals Her Surprising Red Carpet Secrets for Cannes 2025
- Mini Heroes Magic Throne tier list
- Castle Duels tier list – Best Legendary and Epic cards
- Ludus promo codes (April 2025)
- Best Elder Scrolls IV: Oblivion Remastered sex mods for 2025
- Run! Goddess codes active in May 2025
- Call of Antia tier list of best heroes
- Kingdom Come: Deliverance 2 Patch 1.3 Is Causing Flickering Issues
2024-10-29 15:46