#Bhutan government transfers Bitcoin#
Hot Topic Overview
Overview
The Royal Government of Bhutan has recently made two large Bitcoin transfers. First, they moved 255.26 Bitcoin (worth $26 million) to two unknown wallets, followed by another transfer of 377.78 Bitcoin (worth $38.57 million) to two other wallets. These two transfers total 633.047 Bitcoin, worth $64.57 million. Currently, the Bhutanese government holds 11,055 Bitcoin, worth $1.13 billion. The destination of these transfers is unclear, but there are speculations that they may have sent the Bitcoin to Binance.
Ace Hot Topic Analysis
Analysis
The Royal Government of Bhutan recently made two large-scale Bitcoin transfers. According to Onchain Lens and PeckShieldAlert, the Bhutanese government transferred 255.26 BTC (worth $26 million) and 377.78 BTC (worth $38.57 million) to two unknown wallets. These two transfers totaled 633.047 BTC, worth $64.57 million. Currently, the Bhutanese government holds 11,055 BTC, worth $1.13 billion. While the specific reason and destination of the transfers are currently unknown, based on previous records, these Bitcoins may eventually be sent to Binance.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Bhutanese government is moving its Bitcoin holdings and may be sending them to the Binance exchange.
The Bhutanese government currently holds about 11,000 Bitcoin, worth over $1 billion.
The Bhutanese government's move to transfer Bitcoin has sparked speculation about their cryptocurrency strategy.
The Bhutanese government may be moving the Bitcoin to a more secure wallet or preparing to sell it.