{"id":142276,"date":"2024-11-15T08:00:04","date_gmt":"2024-11-15T06:00:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142276"},"modified":"2024-11-14T17:25:57","modified_gmt":"2024-11-14T15:25:57","slug":"bhutan-offloads-over-30-million-in-bitcoin-onto-binance","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bhutan-offloads-over-30-million-in-bitcoin-onto-binance\/","title":{"rendered":"Bhutan Offloads Over $30 Million in Bitcoin onto Binance"},"content":{"rendered":"
As of today, data<\/a> <\/strong>from Arkham Intelligence shows that Bhutan moved over 367 BTC<\/a><\/strong>, worth approximately $33 million, to the exchange. This decision aligns with the government\u2019s previous actions, including the sale of $66 million in Bitcoin two weeks ago, just as Bitcoin\u2019s price surpassed $70,000.<\/p>\n While this move appears to be a profit-taking decision, Bhutan still retains a substantial Bitcoin portfolio, holding 12,206 BTC, valued at over $1 billion. The government may continue to offload portions of this stash as Bitcoin\u2019s bull run progresses, especially with predictions suggesting the cryptocurrency could reach $100,000 by the year\u2019s end.<\/p>\n In a broader context, Bhutan\u2019s proactive approach to managing its Bitcoin reserves mirrors potential future strategies from the U.S. government. While the U.S. currently holds the largest amount of Bitcoin among governments\u2014primarily from asset seizures\u2014former President Donald Trump has expressed interest in establishing a Strategic Bitcoin Reserve.<\/p>\n