Bhutan Government Transfers 633 BTC Amid Market Recovery
- The Royal Government of Bhutan moved 633 BTC on January 17.
- Initial transfer of 255.26 BTC, valued at $26 million, was sent to an unknown address.
- A subsequent transfer of 377.78 BTC, worth $38.57 million, was also made to another unknown address.
- One address is potentially linked to the crypto exchange Binance.
- The Bhutan government retains a holding of 11.055K BTC, valued at $1.13 billion.
The Royal Government of Bhutan’s transfer of 633 BTC has attracted global attention amid a recovering crypto market, with Bitcoin prices reaching over $102K. The motive for these transactions remains unclear as market watchers speculate on potential impacts.
Source (2.6)https://coingape.com/bhutan-government-moves-633-btc-sparking-concerns/?rand=24432
