Bhutan Continues Bitcoin Sales from Reserves
The Bhutanese authorities have been selling bitcoins from their reserves for the third consecutive week. The latest sale of 100 BTC generated approximately $6.8 million, analysts at Arkham noted.Bhutan is a country in South Asia known for its monasteries, fortresses, and dramatic landscapes.
Bhutan Continues Bitcoin Sales from Reserves
The Bhutanese authorities have been selling bitcoins from their reserves for the third consecutive week. The latest sale of 100 BTC generated approximately $6.8 million, analysts at Arkham noted.
Bhutan Liquidates $22 Million in Bitcoin Reserves
The Bhutanese government has liquidated 284.8 BTC from its state reserves, valued at $22.3 million, according to analytics platform Arkham.
Bhutan to Deploy Node on Sei Blockchain
Sei Development Foundation and Bhutan's sovereign fund DHI have agreed to deploy a validator in the Sei network within the country.
Bhutan Allocates 10,000 BTC to Build a ‘Mindfulness City’
The Kingdom of Bhutan has launched the Bitcoin Development Pledge program, committing up to 10,000 BTC (approximately $1 billion) to support the national economy.
Cumberland to Aid Bhutan in Launching National Stablecoin
Bhutan's GMC Special Economic Zone and Cumberland DRW have signed a memorandum of understanding. The partners will develop the crypto ecosystem.
Bhutan Launches Gold-Backed Token on Solana
The Special Administrative Region of Bhutan, the City of Mindfulness Gelephu, has launched the TER token on the Solana blockchain.
Bhutan to Transition National ID System to Ethereum
Bhutan will transfer its national digital identification system from Polygon to Ethereum, aiming to enhance data security.
Bhutan Transfers 512 BTC to Binance
Over the past four days, Bhutan’s authorities have transferred 512.84 BTC ($62.6 million) to a deposit address on the Binance exchange, according to Arkham. Source: Arkham. The transactions coincided with Bitcoin reaching a new all-time high price. Since July 10, the government has made six transfers to the same address. The latest transaction of 99 […]
Bhutan Transfers $23.7 Million in Bitcoin to Binance
On July 10, the government of Bhutan transferred 213.31 BTC ($23.7 million) to the Binance exchange, according to Arkham. The transaction occurred hours after Bitcoin’s price reached a historic high near $113,500. Source: Arkham. The exact reason for the transfer remains unknown. However, such deposits on centralized platforms typically precede asset sales. According to Arkham, […]
Bhutan Transfers Portion of Bitcoin Reserves
On June 30th, the government of Bhutan transferred 137.245 BTC to the cryptocurrency exchange Binance. This is indicated by on-chain data from Arkham Intelligence. At the time of writing, these coins are valued at $14.68 million. The kingdom’s total reserves in the leading cryptocurrency amount to 11,924 BTC, valued at $1.27 billion. Data: Arkham Intelligence. […]
Bhutan Embraces Cryptocurrency Payments to Boost Tourism
The authorities in Bhutan are integrating cryptocurrency payments into the country’s economy. This initiative aims to modernize the financial system and attract tourists with the support of Binance, reports CoinDesk. According to Damcho Rinzin, Director of the Tourism Department, travelers have complained about issues with using SWIFT and paying for services. He noted that Binance […]
Crypto Bhutan: How one of the world’s most closed countries pioneered ‘green’ mining
For years the kingdom of Bhutan stood apart from global trends. Today the Himalayas hum not only with prayer wheels but also with mining farms. ForkLog looks at how a small mountain state is building a digital future—and what bitcoin has to do with it. From centuries of isolation to mining Until recently Bhutan pursued […]We use cookies to improve the quality of our service.
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