The Royal Government in Bhutan transferred 137,245 Bitcoin worth approx. $ 14.77 million to Crypto Exchange’s June 30, according to Blockchain Data from Arkham Intelligence. This fresh transaction comes as Bhutan’s total Bitcoin stocks have grown to 11,924 BTC, valued at approx. $ 1.28 billion at current market prices of about $ 107,000.
The small Himalayan kingdom has become a significant player in the crypto area, with its Bitcoin -Stash, which represents a significant part of its economy. The herds were largely built through state -sponsored mining during drinking holdings and worked with Bitdeer Technologies, which expands the local mine capacity to 600 megawatts by 2025.
The latest Binance Depositum has given rise to speculation about potential sales pressure, although no one from the government has not commented publicly about the reason for the transfer.
Some late investors question why Bitcoin has not risen to new heights at all times despite significant business purchases. However, these investors fail to take into account large holders (like bhutan) Sitting on heavy profits that are happy to unload some of their efforts and balance the heavy purchase pressure.
