<ul><li>The Royal Government of Bhutan has transferred approximately 929 Bitcoin (BTC), valued at around $66.16 million, to the crypto exchange Binance.</li><li>The transfers occurred in two tranches: an initial 100 BTC (approximately $7.1 million) and an additional 839 BTC (about $59 million).</li><li>Speculation arises regarding the rationale behind the transfer, with some suggesting it could be for liquidation, securing liquidity, or capitalizing on recent market gains.</li><li>Bhutan, known for its green energy-based Bitcoin mining operations, ranks among the largest known nation-state holders of Bitcoin with 12,456 BTC, valued at approximately $886 million.</li></ul>

Bhutan Govt Sells $66 Million In Bitcoin On Binance: Arkham

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