Crypto news

Bhutan’s $1.3B Bitcoin Trove Stirs as 213 BTC Hits Binance Wallet

BBG News

Well, well, well, looks like Bhutan is back at it again—this time transferring a cool 213.5 BTC into a Binance wallet. It’s their first bitcoin move since June. How exciting! 🤑

Bitcoin-Rich Bhutan Transfers Millions—Third-Largest Nation Holder on the Move

So, after Thursday morning’s transaction, Bhutan now holds a jaw-dropping 11,711 BTC, worth about $1.32 billion. It’s like the tiny Himalayan kingdom is low-key a crypto whale. But don’t get too excited, it’s actually all thanks to Druk Holding and Investments Limited (DHI), which is basically Bhutan’s corporate fairy godmother, set up back in 2007 by royal decree.👑

And who spotted this digital treasure? None other than Arkham Intelligence, the blockchain detectives of the crypto world. They noticed the latest BTC shuffle, causing a flurry of social media chatter. “Is Bhutan offloading bitcoin? Or are they just trying to pay for another royal yurt? 🏰” Arkham quipped on X. The latest transfer? A cool $23.73M worth of BTC, moving to Binance, because… why not? 🙄

Let’s not forget that Bhutan isn’t just sitting on this stash. They officially hold the bronze medal for the largest bitcoin reserves by any nation—only the US and UK are ahead. And how do they mine this sweet digital gold? With renewable energy, of course. Because why not mix a little green energy with that sweet, sweet crypto dough? Prime Minister Tshering Tobgay even mentioned that the BTC profits help fund pay raises for policymakers and healthcare programs. Hey, at least the politicians aren’t *totally* ignoring their people. 💰💉

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2025-07-10 22:57

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