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Bhutan Government’s BTC Transfer Sparks Speculation Amid $71K Bitcoin Surge

  • Bhutan's government transferred 935 BTC ($66 million) to Binance amid Bitcoin's surge to $71,000.
  • Bhutan holds substantial Bitcoin holdings, estimated at nearly $800 million, through its subsidiary Druk Holdings.
  • The government's transfer suggests potential plans to sell Bitcoin through the world's largest crypto exchange.
  • Bhutan's strategic shift into Bitcoin mining leverages its abundant hydroelectric power.

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