The Kingdom of Bhutan, known for its cautious approach to economic development, has reportedly made another significant deposit of Bitcoin (BTC) into the Binance cryptocurrency exchange. According to on-chain analytics firm On-chain Lens, an address believed to be controlled by the Bhutanese government (address starting with 32jhgB) transferred 100 BTC, valued at approximately $11.8 million, to Binance earlier today. This transaction follows a larger deposit of 212.31 BTC (worth $23.61 million) made the previous day. Over the past eleven days, the same address has deposited a total of 449.3 BTC, worth over $50 million, into the exchange. While the exact reasons for these deposits remain undisclosed, this activity highlights the growing intersection between sovereign wealth and the cryptocurrency market. The Bhutanese government's engagement with Bitcoin raises questions about its long-term digital asset strategy and potential implications for the crypto market. ```

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