The Royal Government of Bhutan has transferred 929 BTC, valued at $66.1 million, to Binance in two separate transactions.
Bhutan still holds 12,456 Bitcoin through its state investment arm, Druk Holding & Investments, making it the fifth-largest known nation-state bitcoin holder globally.
Bhutan has acquired bitcoin through eco-friendly mining operations, leveraging its abundant hydroelectric power resources.
In addition to bitcoin, Bhutan also holds 228.8 ETH ($600,000) in its portfolio.