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Crypto

Bhutan-Linked Wallet Sells $28M in Bitcoin to Binance

Guavy AI Editorial Team
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BTC BNB ARKM
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A Bhutan-linked wallet has made a significant Bitcoin transfer to Binance, moving approximately 434.86 BTC worth around $27.96 million over a five-hour period.

This marks the first activity from this address in over a month, and blockchain analytics platform Arkham identified the deposit address as likely owned by Bhutan's royal government.

The transaction has sparked interest in the crypto space, given Bhutan's previous involvement in Bitcoin mining operations and its proactive approach to blockchain technology.

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