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Image Credit: Cryptonews

Taking Profits? Bhutan Gov Moves $66 Million BTC to Exchange, Arkham Reports

  • The Royal Government of Bhutan, one of the largest sovereign holders of Bitcoin, transferred nearly 1,000 BTC to Binance, potentially indicating profit-taking.
  • Bhutan still owns over AU $1 billion worth of Bitcoin despite the transfer.
  • The motives behind Bhutan's deposit are unclear, but it could be a sign of selling a portion of their holdings.
  • Bhutan, with its significant source of renewable energy, has mined Bitcoin themselves, suggesting a bullish stance.

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