Royal Government of Bhutan moves Bitcoin worth $60 million to Cobo, supposedly to sell

Description

The Royal Government of Bhutan has sent $60M in BTC to an exchange hot wallet. The probable sale arrives about a day after the country’s wallets started moving a portion of their reserves. The Royal Government of Bhutan most probably set aside $60M in BTC for sale, sending them to an exchange hot wallet. Initially, the coins were moved to a new intermediary address in two transactions. The intermediary wallet also sent out a test transaction to Binance, setting expectations for another round of ...