{"id":25312,"date":"2025-07-14T17:32:09","date_gmt":"2025-07-14T14:32:09","guid":{"rendered":"https:\/\/forklog.com\/en\/bhutan-transfers-512-btc-to-binance\/"},"modified":"2025-07-14T17:32:09","modified_gmt":"2025-07-14T14:32:09","slug":"bhutan-transfers-512-btc-to-binance","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bhutan-transfers-512-btc-to-binance\/","title":{"rendered":"Bhutan Transfers 512 BTC to Binance"},"content":{"rendered":"<p>Over the past four days, Bhutan&#8217;s authorities have transferred 512.84 BTC ($62.6 million) to a deposit address on the Binance exchange, according to <a href=\"https:\/\/intel.arkm.com\/explorer\/entity\/druk-holding-investments\" title=\"\">Arkham<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-07-14-163444.webp\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2025-07-14 163444\" class=\"wp-image-261976\"\/><figcaption class=\"wp-element-caption\">Source: Arkham.<\/figcaption><\/figure>\n<p>The transactions coincided with Bitcoin reaching a new all-time high price.<\/p>\n<p>Since July 10, the government <a href=\"https:\/\/forklog.com\/en\/news\/bhutan-transfers-23-7-million-in-bitcoin-to-binance\">has made<\/a> six transfers to the same address. The latest transaction of 99 BTC to Binance occurred on July 14.<\/p>\n<p>Later, Arkham recorded another operation to an unidentified wallet \u2014 924 BTC.<\/p>\n<p>These actions may indicate a strategy of selling assets during a market upswing, according to <a href=\"https:\/\/x.com\/lookonchain\/status\/1944654176287604972\">Lookonchain<\/a>. At the end of June, Bhutan had already <a href=\"https:\/\/forklog.com\/en\/news\/bhutan-transfers-portion-of-bitcoin-reserves\">moved<\/a> 137.245 BTC to Binance.<\/p>\n<p>According to Arkham, the government still holds 10,486 BTC valued at $1.28 billion. This amount constitutes over 40% of the country&#8217;s gross domestic product. The assets are managed by the sovereign investment fund Druk Holdings &#038; Investments.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-07-14-163512.webp\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2025-07-14 163512\" class=\"wp-image-261977\"\/><figcaption class=\"wp-element-caption\">Source: Arkham.<\/figcaption><\/figure>\n<p>The country <a href=\"https:\/\/forklog.com\/en\/news\/crypto-bhutan-how-one-of-the-worlds-most-closed-countries-pioneered-green-mining\">is increasing its Bitcoin reserves<\/a> primarily through mining, utilizing surplus hydroelectric power.<\/p>\n<p>According to <a href=\"https:\/\/bitcointreasuries.net\/\">BitcoinTreasuries<\/a>, Bhutan ranks sixth globally in terms of digital gold reserves.<\/p>\n<p>Earlier, the kingdom&#8217;s authorities <a href=\"https:\/\/forklog.com\/en\/news\/bhutan-embraces-cryptocurrency-payments-to-boost-tourism\">have been implementing<\/a> crypto payments to modernize the financial system and attract tourists with the support of Binance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past four days, Bhutan&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25311,"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-25312","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":"60","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25312","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=25312"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25311"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}