Bhutan Possibly Readies $23 Million Bitcoin Sale Amid BTC Record Highs
2025-07-10 20:33:45
Main Idea
The Royal Government of Bhutan transferred $23.7 million worth of Bitcoin to Binance, marking its second recent BTC sale, while still holding a significant reserve of 11,711 BTC.
Key Points
1. Bhutan moved 213.15 Bitcoin (worth $23.7 million) to Binance on July 10, following a previous transfer of 136.99 BTC ($14.75 million) to the same address.
2. Bhutan currently holds 11,711 BTC, valued at approximately $1.3 billion, making it the sixth-largest national Bitcoin reserve globally.
3. The country's Bitcoin holdings are managed by Druk Holding & Investments (DHI), surpassing El Salvador's reserves.
4. Bhutan's Bitcoin stash represents a significant portion of its relatively small economy.
Description
The Royal Government of Bhutan transferred 213.15 Bitcoin to a deposit address of crypto exchange Binance on July 10.
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