The Royal Government of Bhutan transferred 213,501 BTC (approximately $23.73 million) worth of Bitcoin (BTC) to Binance today. The transfer was detected by blockchain analysis platform Arkham. The Royal Government of Bhutan Transferred Bitcoin to Binance for the Second Consecutive Week This transaction is notable for the second consecutive week that Bhutan has transferred BTC to Binance. These repeated transfers have sparked speculation that the government may be implementing these transfers as part of an investment strategy or portfolio management strategy. Bhutan has attracted attention in recent years for its surprising moves toward crypto assets and mining. These latest moves may indicate the country is deepening its ties to the cryptocurrency market. While the Royal Government has yet to officially announce the purpose or scope of the transfer, the regular high volume of transactions has prompted speculation that Bhutan is restructuring or liquidating its crypto assets. *This is not investment advice. Continue Reading: Bitcoin Transfer from Bitcoin Mining Country to Binance! Will They Sell It? Here Are the Details
