Bhutan moves $45 million worth of Bitcoin in two days
-
The Royal Government of Bhutan, which became one of the first sovereign Bitcoin miners by using surplus hydroelectric power, has moved 643 BTC worth over $45 million to external wallets over the past two days, according to Arkham Intel data .
Bhutan once held more than 13,000 BTC and now appears to be systematically converting its digital reserves into capital.
Bitcoin traded at $66,500 at press time, down 4% in the last 24 hours, per TradingView.
Despite recent Bitcoin sales, Druk Holdings, the investment arm of the Bhutanese government, still holds 4,329 BTC, worth more than $290 million. This keeps Bhutan among the world's leading governments in terms of digital asset holdings.Source: BitcoinTreasuries.NET
The US continues to dominate global government Bitcoin holdings, controlling over 328,000 BTC valued at $22 billion, a growth fueled by last October's landmark seizure of 127,271 BTC.
The case involving the Prince Group, a Cambodian-based transnational criminal organization accused of large-scale investment scams and human trafficking, has sparked international controversy, with China claiming the Bitcoin stash originated from a 2020 theft of mining assets linked to its firms, including LuBian, which has ties to Iran.
source: https://www.tradingview.com/news/cryptobriefing:32fe24d58094b:0-bhutan-moves-45-million-worth-of-bitcoin-in-two-days/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Qeydiyyatdan keç Daxil ol