Krutika Adani
The Royal Government of Bhutan has transferred 367 BTC (worth $33M) to Binance, capitalizing on Bitcoin’s recent surge in value.
Following a $66M sale two weeks ago, Bhutan’s latest BTC transfer indicates a strategic profit-taking approach as Bitcoin rallies past $70,000.
Despite these sales, Bhutan still holds a significant stash of 12,206 BTC (valued at over $1B), potentially poised for more sales as the bull run continues.
With forecasts hinting that Bitcoin will reach $100,000 by year-end, Bhutan might continue to offload portions of its portfolio for profit.