Bhutan Govt Sells $66 Million In Bitcoin On Binance: Arkham

The Royal Government of Bhutan has transferred approximately 929 Bitcoin (BTC), valued at around $66.16 million, to the crypto exchange Binance. On-chain data service Lookonchain first reported the transaction via X.
The transfers occurred in two tranches: an initial 100 BTC (approximately $7.

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Bhutan gov’t moves $66M of Bitcoin stash to Binance as price tops $71K

Bhutan holds another $886 million worth of Bitcoin, which could introduce more selling pressure, as the country has been mining and holding Bitcoin for over five years.

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