Bhutan Government Transfers 100 BTC Worth $11.9 Million to Binance

Since June 30, Bhutan has transferred 749.3 BTC to Binance, maintaining a holding of 11,310 BTC worth approximately $1.346 billion.

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Summary

The Royal Government of Bhutan has transferred 749.3 Bitcoin, valued at $86.36 million, to Binance since June 30, averaging $115,254 per Bitcoin. The government retains a substantial reserve of 11,310 BTC, worth approximately $1.346 billion, indicating a strategy to leverage rising Bitcoin prices while maintaining significant reserves.

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