Bhutan’s $1.3B Bitcoin Trove Stirs as 213 BTC Hits Binance Wallet
2025-07-10 19:43:21
Main Idea
The Royal Government of Bhutan transferred 213.5 BTC to a Binance deposit address, marking its first Bitcoin move since late June, while holding a total of 11,711 BTC valued at $1.32 billion.
Key Points
1. Bhutan's government and Druk Holdings moved 213.5 BTC ($23.73M) to a Binance deposit address.
2. This is their first Bitcoin transaction since late June.
3. Bhutan currently holds 11,711 BTC, worth $1.32 billion, managed by Druk Holding and Investments Limited (DHI).
4. Bhutan is the third-largest national holder of Bitcoin and mines it using renewable energy.
5. Prime Minister Tshering Tobgay mentioned that Bitcoin profits support pay raises for policymakers.
Description
Onchain data reveals that the Royal Government of Bhutan and Druk Holdings just shifted roughly 213.5 BTC to a Binance deposit address—marking their first bitcoin move since late June. Bitcoin-Rich Bhutan Transfers Millions—Third-Largest Nation Holder on the Move After Thursday morning’s transaction, the Royal Government of Bhutan now holds 11,711 BTC, valued at $1.32 billion.
Latest News
- Meme Coin Mayhem: Over a Dozen Tokens See Double-Digit Gains2025-07-11 00:45:11
- Bitcoin Primed for $180K Surge With Fed Shift, Debt Spiral, and Corporate Buying2025-07-10 23:40:24
- Bit Mining Shifts Strategy, Enters Solana Ecosystem With $300M Plan2025-07-10 22:51:17
- Bitcoin Smashes Through $117K on Bitstamp2025-07-10 21:54:15
- Trump Takes Victory Lap on Nasdaq, Crypto Going ‘Through the Roof’2025-07-10 21:27:07