Bitcoin Race Among Nations! How Does Bhutan Manage 1 Billion Dollars Worth of BTC? - Coin Bulletin

robot
Abstract generation in progress

The Royal Government of Bhutan has transferred 751.31 BTC, worth $74.15 million, to three new wallets in the past hour. According to Spot On Chain, this movement is believed to be an internal transfer.

Butan, previously transferred 633 BTC to two new wallets on January 17, but did not sell. The latest sale transaction was on December 9, 2024, and the 402 BTC asset was sold through an OTC (over-the-counter) transaction via QCP Capital. This sale was made at the $98,700 level, and a total of $39.7 million was obtained.

Currently, the Bhutanese government holds approximately 10,600 BTC in 23 different wallets, making it the fourth-largest Bitcoin investor in the world, with a value of $(1.05 billion. Due to the potential impact of Bhutan's BTC transactions on the market, they are closely monitored.

BTC-0.35%
D0.44%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)