On January 17th, COINOTAG News reported a significant transaction involving the Bhutanese government, which transferred 255.26 BTC valued at approximately 26 million US dollars to two unidentified wallets, according to data from OnchainLens. Historical records suggest that these assets may have been directed towards Binance, a leading cryptocurrency exchange. Despite this transfer, it is noteworthy that the Bhutanese government’s holdings remain robust, with 11,433 BTC still retained, translating to an impressive valuation of around 1.16 billion US dollars. This strategic movement of funds could indicate ongoing operational shifts within the country’s crypto strategy, positioning Bhutan more prominently within the global cryptocurrency landscape.
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