Crypto
Bhutan Sends $28M in Bitcoin to Binance
A wallet linked to Bhutan has transferred approximately 434.86 Bitcoin, valued at around $27.96 million, to Binance over a five-hour period.
The transactions were identified by blockchain analytics platform Arkham as likely owned by the Kingdom of Bhutan's royal government.
This is not the first time Bhutan has been linked to significant Bitcoin movements; the country holds digital assets through its investment arm, Druk Holding and Investments.