Bhutan’s on‑chain wallet transferred 137 BTC (~$14.75M) to Binance.
The country still holds over $1.28 billion in Bitcoin.
This move may reflect rebalancing, liquid reserves, or strategic planning.
Bhutan’s on‑chain government wallet recently sent 137 BTC—valued at approximately $14.75 million—to Binance. While the precise motive remains undisclosed, such transfers often signal rebalancing reserves, covering domestic obligations, or preparing for broader strategic initiatives in crypto infrastructure.
Still Sitting on Over $1.28 Billion
Despite this sizable transfer, Bhutan continues to hold an impressive $1.28 billion worth of Bitcoin. That’s roughly 12,000 + BTC, positioning the South Asian kingdom among the top nation-states with government-held crypto. Maintaining such a sizable Bitcoin reserve suggests confidence in the asset’s long-term utility and value preservation.
Why It Matters for Crypto Markets
Market Signals: Even small moves like this can ripple across crypto markets, prompting speculation on further selling or accumulation.
Transparency & Governance: Public transfers highlight the increasing role of governments in managing crypto assets with transparency.
Economic Preparedness: Retaining hefty BTC reserves gives Bhutan options—whether for economic hedging, stabilizing currency, or future development funding.
TODAY: Bhutan government wallet sends 137 $BTC ($14.75M) to Binance, still holds over $1.28B in Bitcoin. pic.twitter.com/Pf44aRuKs1
— Cointelegraph (@Cointelegraph) June 30, 2025
What’s Next?
Bhutan’s Bitcoin strategy will be closely watched. Will they continue to dollarize reserves or explore domestic crypto integration? With a strong balance sheet, the nation has flexibility. Key signs to monitor include future on‑chain movements, official communication about fund usage, and policy updates toward crypto adoption.
Read Also :
Bhutan Govt Wallet Sends BTC While Strengthening Bhutan Bitcoin Holdings
JPMorgan Rates Circle Initiates Coverage; Targets $80 by 2026
Spain Cracks Down on €460M Crypto Fraud Ring
Blockchain Group Bitcoin Buy: €5.5M for 60 More ₿
The post Bhutan Govt Wallet Sends BTC While Strengthening Bhutan Bitcoin Holdings appeared first on CoinoMedia.
