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Bhutan moves $66M to Binance, cashes in on Bitcoin’s climb above $70k

  • Bhutan's government transferred over $66 million in Bitcoin to Binance, taking advantage of Bitcoin's surge above $70,000.
  • The transfers were made in multiple batches, including 4.683 BTC, 103 BTC, and 839 BTC.
  • The motivation behind the sales remains unknown, but some speculate it could be a strategy to lock in profits.
  • Despite the sales, Bhutan still holds roughly 12,456 BTC, making it the fifth-largest national Bitcoin holder.

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