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Bhutan Moves $66.1M in Bitcoin to Binance, Retains Significant Holdings

  • 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.

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