💸 For the first time in a long time, the government of Bhutan made a large transfer of bitcoins - about 213.31 BTC, which at the current rate is almost $ 23.7 million. The transfer was made to the Binance platform a few hours after the value of the first cryptocurrency jumped above $ 113,500.
🤔 It is not yet clear what exactly the country was pursuing by sending such an amount to one of the largest exchanges. However, experts suggest that such actions are often a harbinger of the sale of digital assets. At the moment, Bhutan continues to store significant reserves of cryptocurrency - 11,711 BTC (about $ 1.38 billion), which corresponds to about 40% of the country's annual GDP. In addition to bitcoin, the treasury has 656 ETH. 🏦 The state investment fund Druk Holding & Investments is engaged in the management of digital assets. The peculiarity of Bhutan is that it does not just receive cryptocurrency as a result of law enforcement measures, but mines it itself. For mining, authorities use excess electricity produced at hydroelectric power plants.
