{"id":25048,"date":"2025-07-02T09:59:22","date_gmt":"2025-07-02T06:59:22","guid":{"rendered":"https:\/\/forklog.com\/en\/bhutan-transfers-portion-of-bitcoin-reserves\/"},"modified":"2025-07-02T09:59:22","modified_gmt":"2025-07-02T06:59:22","slug":"bhutan-transfers-portion-of-bitcoin-reserves","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bhutan-transfers-portion-of-bitcoin-reserves\/","title":{"rendered":"Bhutan Transfers Portion of Bitcoin Reserves"},"content":{"rendered":"<p>On June 30th, the government of Bhutan transferred 137.245 BTC to the cryptocurrency exchange Binance. This is indicated by on-chain data from <a href=\"https:\/\/intel.arkm.com\/explorer\/entity\/druk-holding-investments\">Arkham Intelligence<\/a>.<\/p>\n<p>At the time of writing, these coins are valued at $14.68 million.<\/p>\n<p>The kingdom&#8217;s total reserves in the leading cryptocurrency amount to 11,924 BTC, valued at $1.27 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-07-02-094003.webp\" alt=\"Snimok-ekrana-2025-07-02-094003\" class=\"wp-image-261284\"\/><figcaption class=\"wp-element-caption\">Data: Arkham Intelligence.<\/figcaption><\/figure>\n<p>Bhutan has accumulated bitcoins through state-run mining operations. These are managed by Druk Holdings in partnership with Bitdeer Technologies.<\/p>\n<p>The transfer to Binance has led to speculation about potential market pressure. The Bhutanese government has not commented on the reasons for the transaction.<\/p>\n<p>Earlier, the kingdom&#8217;s authorities <a href=\"https:\/\/forklog.com\/en\/news\/bhutan-embraces-cryptocurrency-payments-to-boost-tourism\">implemented<\/a> crypto payments to modernize the financial system and attract tourists, with support from Binance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s total reserves in the leading cryptocurrency amount to 11,924 BTC, valued at $1.27 billion. Data: Arkham Intelligence. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1676,1641],"class_list":["post-25048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bhutan","tag-bitcoin-reserves"],"aioseo_notices":[],"amp_enabled":true,"views":"72","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25048"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25047"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}