Coinatory

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... Coinatory cryptocurrencies news

Bhutan's Bitcoin Holdings Exceed $750M, Ranking Fourth Globally Bhutan, a Himalayan nation with a population of under one million, has emerged as the world's fourth-largest sovereign holder of Bitcoin. According to blockchain analytics firm Arkham, the Kingdom of Bhutan holds over 13,000 Bitcoin (BTC), valued at more than $750 million as of September 16, 2023. This places Bhutan behind only the U.S., China, and the U.K. in sovereign Bitcoin reserves, surpassing El Salvador. Unlike other nations that acqui... cryptocurrency news