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📢 The Bhutanese government has transferred $66 million worth of Bitcoin to Binance, sparking widespread speculation in the community! 🚨

According to Lookonchain data monitoring, the Bhutanese government has just sold about 929 Bitcoins through the Binance exchange, with a total value of up to $66.16 million. This transaction was divided into two batches: the first batch of 100 Bitcoins and the second batch of 839 Bitcoins. This is the first time since July that Bhutan has transferred Bitcoin to a cryptocurrency exchange.

Why sell Bitcoin? The government has not provided a clear answer yet, but this has already led to widespread speculation within the Bitcoin community. Some believe this could be for liquidation purposes, or to acquire liquidity for upcoming projects.

Since 2019, Bhutan has been utilizing its abundant hydropower resources to mine Bitcoin, converting green energy into Bitcoin. This strategy aligns with the global economic trend of diversifying national reserves.

In this instance of the Bhutanese government selling Bitcoin, some viewpoints suggest that Bhutan may be preparing for market trends or acquiring liquidity for upcoming projects. Therefore, the government may be looking to capitalize on recent market gains.

However, differing opinions indicate that this action by Bhutan may suggest they view Bitcoin as a 5-10 year asset conversion tool, rather than a long-term financial strategy like that of El Salvador. This implies that Bhutan may regret not holding onto Bitcoin for the long term at some point in the future.

It is worth noting that Bhutan currently holds 12,456 Bitcoins, valued at approximately $886 million. In addition, Bhutan also transferred 228.8 ETH to Binance's hot wallet on October 18, valued at about $600,000.

💬 Finally, what are your thoughts on this significant Bitcoin transfer by the Bhutanese government? What strategic intentions do you think might be behind this? Leave your views in the comments section!

#不丹 #比特币储备 #比特币 #加密货币市场动态

📢Global First: Bhutan's Gelephu announces inclusion of Bitcoin in its city strategic reserve

On January 8, 2025, Bhutan's Gelephu Mindfulness City (GMC) announced an innovative move to include digital assets such as Bitcoin (BTC), Ethereum (ETH) and BNB in ​​its city strategic reserve.

This decision also makes GMC one of the first regions/cities in the world to officially include digital assets as strategic reserves, marking the further exploration and confidence of the Special Administrative Region of Bhutan in economic resilience and Bitcoin mining.

It is reported that GMC's strategic reserve plan will focus on digital assets with large market capitalization and excellent liquidity. Such a choice is intended to ensure that the transaction process of assets is simple and fast, while minimizing the impact on the market when asset prices fluctuate.

In addition, GMC also specifically recognizes digital assets issued on mature and secure blockchains, so that the blockchain platform can support the monitoring of related asset transactions, thereby enhancing the security and transparency of GMC's strategic reserves.

It is worth noting that GMC is located on a land bridge connecting the fast-growing economies of South Asia, with a unique geographical advantage to provide relevant services to more than 2 billion people in the region. Officials said that this move will enhance the economic resilience of the administrative region and continue its exploration in the field of Bitcoin mining.

At the same time, GMC also plans to convene a high-level meeting of senior government officials and industry leaders from all over the world in the Kingdom of Bhutan in March 2025 to discuss the inclusion of digital assets in the strategic reserves of a jurisdiction and the establishment of an international advisory group on digital assets for GMC.

The announcement was made after the implementation of GMC Law No. 1 of 2024 on December 26, 2024, which established a corresponding legal and regulatory system for GMC, with the aim of promoting GMC to develop a digital asset ecosystem in an environment of continuous technological advancement and sound regulation.

💬What do you think of Gelephu Mindfulness City's decision to include Bitcoin in its strategic reserves? Does this indicate the growing importance of digital assets in the global economy?

#比特币战略储备 #数字资产 #区块链技术 #不丹

🏭 With more reserves than El Salvador, this country has quietly become a major Bitcoin holder!

Recently, a country has quietly done something big in the cryptocurrency field and has become an important player in the cryptocurrency field!

According to the latest data from Arkham Intelligence, Bhutan currently holds more than 13,036 BTC, worth about $785 million. Now, Bhutan, a country at the foot of the Himalayas, holds more Bitcoin than El Salvador.

Moreover, Bhutan's Bitcoin reserves come entirely from its own mining operations, which is very different from countries such as El Salvador, the United States, and Germany that often increase their Bitcoin reserves through purchases or judicial seizures.

It is reported that Bhutan's Bitcoin mining business is managed by Druk Holdings, and its main mine is located on the original site of an abandoned educational city. This information has been confirmed by Arkham satellite images.

Moreover, Bhutan's investment in Bitcoin mining is extremely large, accounting for about one-third of its gross domestic product (GDP), or about $3 billion, which further shows that the country regards Bitcoin as an important tool to enhance economic stability and growth.

Bhutan currently ranks fourth among countries in the world in terms of government Bitcoin reserves, surpassing El Salvador, which has attracted much attention for adopting Bitcoin as legal tender.

El Salvador currently holds 5,877 Bitcoins, worth approximately $354 million. The “1 Bitcoin a Day” plan promoted by the President of El Salvador has been steadily increasing its Bitcoin reserves!

Finally, as Bhutan continues to steadily increase its Bitcoin reserves, it remains to be seen whether it will follow El Salvador’s lead and adopt Bitcoin as legal tender.

🗣 Conclusion:

Bhutan’s series of significant moves in the field of Bitcoin not only highlights the country’s forward-looking thinking on cryptocurrencies, but also reflects its strategic intention to use digital assets to promote economic growth.

This action may not only reshape the global cryptocurrency market landscape, but also reflects Bhutan’s commitment to sustainable development. Whether it will legalize Bitcoin will also become the next focus of the market.

💬 Do you think Bhutan will become a role model for other countries in the field of cryptocurrency? Share your insights in the comments section!

#不丹 #比特币 #加密货币趋势 #经济创新 #比特币储备