The Royal Government of Bhutan transferred 929 bitcoins (BTC) worth about $66.16 million to the Binance exchange right when bitcoin is closing on its ATH of $73,000. Bhutan currently holds a total of 12,456 BTC, worth about $886.58 million.
The transfer raises speculation about the government’s intentions, with analysts suggesting it may be preparing to sell shares to bitcoin holders.
Bitcoin’s current market value stands at $70,978.86, making the total value of Bhutan’s holding at approximately $888,977,785.63. As the government continues to take on the cryptocurrency’s evolving landscape, this latest statement highlights its significant share of the Bitcoin market.
Also Read: Bitcoin’s Bullish Rally Aims for $80,000 by 2025 End
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