The cryptocurrency market was shaken by the news: the government of Bhutan made a significant transfer of bitcoins worth $23.7 million to the Binance platform. This transaction, recorded on July 10, 2025, involves 213,501 $BTC , marking another step in a series of transfers that have been ongoing for two weeks. Bhutan, known as one of the leaders in bitcoin mining due to its access to hydropower, continues to demonstrate active participation in the cryptocurrency space. Experts suggest that such actions may indicate a strategy for asset sales or their movement for further operations.
This event has attracted the attention of the global community, as Bhutan holds significant reserves of bitcoins valued at over $1.2 billion. Binance, as the largest cryptocurrency exchange, remains a key platform for such transactions. While there are no official comments from the Bhutanese government yet, analysts are monitoring potential market implications.
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