Bhutan Deposits $23.6M in Bitcoin to Binance Amid BTC All-Time High Surge
2025-07-10 11:41:09
Main Idea
The Royal Government of Bhutan has deposited a significant amount of Bitcoin into Binance, leveraging its hydropower-based mining strategy to accumulate Bitcoin sustainably, coinciding with Bitcoin's all-time high surge.
Key Points
1. Bhutan transferred 212.31 BTC worth $23.61M to Binance, part of a larger movement of 350.74 BTC ($38.5M) over 10 days.
2. The country's Bitcoin mining activities, initiated in 2019 by Druk Holding & Investments, are powered by surplus hydroelectric power, aligning with environmental sustainability goals.
3. The timing of the deposits aligns with Bitcoin's new all-time high above $112,000, indicating strategic treasury management by Bhutan.
4. Government sales of Bitcoin typically fund local projects while maintaining core reserves for long-term strategic purposes.
5. Bhutan is recognized as one of the world's top Bitcoin-holding governments due to its green energy-based mining operations.
Description
Royal Government of Bhutan transfers 212.31 BTC worth $23.61M to the Binance exchange. Bhutan has moved 350.74 BTC, totaling $38.5 million over the past 10 days. A hydropower-based mining strategy enables sustainable Bitcoin accumulation. The Royal Government of Bhutan has deposited 212.31 Bitcoin, worth approximately $23.61 million, into Binance. This latest transfer forms part of a larger Bitcoin movement totaling 350.74 BTC, valued at $38.5 million, over the past 10 days. Bhutan’s policy on B...
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