Bhutan Government Continues Strategic Bitcoin Transfers to Binance
Main Idea
The Bhutan government, through Druk Holding & Investments (DHI), continues strategic Bitcoin transactions, including recent sales via Binance, while maintaining significant holdings, leveraging its hydroelectric power for mining.
Key Points
1. Bhutan's Druk Holding & Investments (DHI) sold approximately 367 Bitcoin (worth ~$33.5 million) via Binance, while still holding an estimated 12,000 to 12,206 BTC (~$1.1 billion).
2. Bhutan utilizes its abundant hydroelectric power for environmentally friendly Bitcoin mining.
3. The nation's Bitcoin strategy supports infrastructure development and aligns with its Gross National Happiness philosophy.
4. Bhutan ranks among the top sovereign holders of Bitcoin globally.
Description
The Royal Government of Bhutan, through its investment arm Druk Holding & Investments (DHI), has once again been observed transferring significant amounts of Bitcoin (BTC) to the Binance exchange. Recent on-chain data indicates a continuous pattern of these movements, suggesting a sophisticated and deliberate strategy by the Himalayan kingdom to manage its substantial digital asset … Continue reading "Bhutan Government Continues Strategic Bitcoin Transfers to Binance" The post Bhutan Government ...
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