Bhutan Transfers $66M in Bitcoin to Binance, Signaling Strategic Shift

Bhutan Transfers $66M in Bitcoin to Binance, Signaling Strategic Shift

The Kingdom of Bhutan has taken a significant step in its crypto strategy, transferring Bitcoin to a centralized exchange for the first time since July 1. Blockchain analytics firm Arkham confirmed that Bhutan’s government moved 929 BTC—worth over $66 million—to a Binance deposit address on Oct. 29. This move slightly reduces Bhutan’s sizable cryptocurrency holdings. The transfer began with an initial 100 BTC, approximately $7.3 million, in w...

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