Bhutan Cashes out $33.5B in Bitcoin, Still Holds $1.11B in BTC

14 hours ago · The Royal Government of Bhutan has sold 367 Bitcoin (BTC), worth about $33.5 million through major cryptocurrency exchange Binance. ... Bitcoin sale for Bhutan in recent …

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Bhutan Cashes Out $33.5B In Bitcoin, Still Holds $1.11B In BTC

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14 hours ago · The Royal Government of Bhutan has sold 367 Bitcoin (BTC), worth about $33.5 million through major cryptocurrency exchange Binance. ... Bitcoin sale for Bhutan in recent …

yahoo.com

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Bhutan Sells $33 Million In Bitcoin As BTC Drops Below $90,000

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1 day ago · The Royal Government of Bhutan recently sold 367 Bitcoin, valued at approximately $33.5 million, via Binance. Data from Arkham Intelligence shows the transaction occurred on Thursday morning when Bitcoin’s price exceeded $90,000. Since then, Bitcoin has dropped over 3% to $87,000. Bhutan Is Still the First-largest Government Bitcoin Holder

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Bhutan Cash Out 367 Bitcoins For $33M, THIS Is The Reason

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12 hours ago · Bhutan Bitcoin sale nets $33M amid BTC’s record surge, showcasing strategic profit-taking. Bhutan cash out 367 Bitcoins for $33M, THIS is the reason - AMBCrypto The …

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Bhutan Profits From Bitcoin Surge With $33 Million Sale

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1 day ago · This is not an isolated action. Two weeks ago, Bhutan sold $66 million in Bitcoin when prices exceeded $70,000. These actions suggest a calculated strategy of selling during peaks …

coinedition.com

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Bhutan Sells $33 Million In Bitcoin As BTC Drops Below $90,000

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1 day ago · The Royal Government of Bhutan recently sold 367 Bitcoin, valued at approximately $33.5 million, via Binance. Data from Arkham Intelligence shows the transaction occurred on …

beincrypto.com

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Bhutan Sells $33M In Bitcoin Amid Recent Price Surge To $93,000

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2 days ago · The Royal Government of Bhutan has offloaded another significant portion of its Bitcoin holdings, selling $33 million worth of the cryptocurrency through Binance.. This …

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Bhutan Cashes Out $33.5B In Bitcoin, Still Holds $1.11B In BTC

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17 hours ago · The Royal Government of Bhutan has sold 367 Bitcoin (BTC), worth about $33.5 million through major cryptocurrency exchange Binance. According to Arkham Intelligence, a …

coinmarketcap.com

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Bhutan Moves $66.55 Million In Bitcoin To Binance Amid Bull Run

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Oct 29, 2024 · Bhutan offloads significant Bitcoin holdings as prices surge past $71,000. Credit: EconoTimes. Tuesday, October 29, 2024 9:05 PM UTC. Bhutan's government has sold 929 …

econotimes.com

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Crypto Today: Bhutan Govt Sells $33M BTC, McDonald’s ... - FXStreet

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1 day ago · The Royal Government of Bhutan was spotted depositing 365 BTC (worth $33.3 million) into a Binance wallet address, with Bitcoin price trading above $91,000 in the early hours of Thursday.

fxstreet.com

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How Bhutan Quietly Built $750 Million In Bitcoin Holdings - Forbes

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Sep 17, 2024 · Big Banks Likely Gained More Than $1 Billion From Bitcoin’s Surge. Nov 13, ... Bhutan's bitcoin holdings are more than twice the value of El Salvador's, which stand at $335 …

forbes.com

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Bitcoin Profit-Taking Continues As BTC Price Nears High With …

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Oct 30, 2024 · $33.80-3.94%. Ad. Markets. Election 2024 ... Bitcoin Profit-Taking Continues as BTC Price Nears High. ... Bhutan moved $65 million worth of bitcoin to crypto exchange …

coindesk.com

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Royal Government Of Bhutan Deposits 365 BTC Worth $33.31M To …

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1 day ago · Government of Bhutan Dump $33.31M of BTC . On November 14, 2024, the whales and institutions transactions tracker Lookonchain posted on X (formerly Twitter) that the Royal …

coinpedia.org

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Bhutan Gov’t Moves $66M Of Bitcoin Stash To Binance As Price Tops …

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Oct 29, 2024 · As of September, Bhutan held twice as much Bitcoin as El Salvador, which adopted Bitcoin over three years ago and has netted $31 million in profit since making BTC …

cointelegraph.com

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Bhutan Has Twice As Much Bitcoin As El Salvador, Says Arkham

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Sep 17, 2024 · Bhutan’s Bitcoin holdings ... it currently holds 5,875 BTC worth $331 million, around 45% of Bhutan’s ... with an average dollar cost of $43,900 and an aggregate profit of …

cointelegraph.com

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Bhutan Stashes $780M In Bitcoin Worth One-Third Of Its GDP

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Sep 17, 2024 · The tiny nation has amassed over $780 million in Bitcoin (BTC-USD), making it one of the largest state-owned holders of the digital currency in the world. This substantial …

nasdaq.com

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Royal Bhutan Government Sells 367 Bitcoin On Binance

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2 days ago · Bhutan made a move by selling 367 Bitcoin (BTC) worth about $33.5 million on Binance. Is Bhutan utilizing the BTC surge? Bhutan has been quietly mining Bitcoin since …

thenewscrypto.com

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Bhutan Holds $1 Billion In Bitcoin Amid Growing State Adoption

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3 days ago · According to Arkham Intelligence, the Royal Government of Bhutan now holds more than $1 billion worth of Bitcoin. Two weeks ago, the country moved $65 million in Bitcoin to …

beincrypto.com

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Bhutan Makes $33M Fortune By Selling 367 Bitcoins - BTCNEWS

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1 day ago · Key Points Bhutan's government sold $33 million worth of Bitcoin when its price dropped under $90,000. The strategic sale highlights. The Royal Government of Bhutan …

btcnews.com

FAQs about Bhutan Cashes out $33.5B in Bitcoin, Still Holds $1.11B in BTC Coupon?

Will Bhutan sell bitcoin on the world's largest cryptocurrency exchange?

Bhutan’s government has started moving its quietly accumulated Bitcoin holdings as the price soared above the key $70,000 level. The Bhutan government-labeled wallet transferred over $66 million worth of Bitcoin (BTC) to a Binance deposit wallet, suggesting that it intends to sell the BTC on the world’s largest cryptocurrency exchange. ...

How much bitcoin does Bhutan hold?

Bhutan holds another $886 million worth of Bitcoin, which could introduce more selling pressure, as the country has been mining and holding Bitcoin for over five years. Bhutan’s government has started moving its quietly accumulated Bitcoin holdings as the price soared above the key $70,000 level. ...

Where does Bhutan's bitcoin come from?

On Sept. 16, onchain analytics platform Arkham Intelligence pointed to a group of addresses holding 13,029 BTC (around $758 million), claiming it is the first to publicly identify Bhutan’s Bitcoin holdings. It added that these holdings come from Bitcoin mining operations carried out by the Kingdom of Bhutan’s investment arm, Druk Holdings (DHI). ...

Will bitcoin be sold on Binance?

The Bhutan government-labeled wallet transferred over $66 million worth of Bitcoin (BTC) to a Binance deposit wallet, suggesting that it intends to sell the BTC on the world’s largest cryptocurrency exchange. The $66.5 million was transferred in two transactions on Oct. 29, according to Arkham Intelligence data. ...

Is Bhutan launching a bitcoin mining venture?

Bhutan's venture into bitcoin mining began in April 2019, when the cryptocurrency was valued at approximately $5,000. The country's sovereign investment arm, Druk Holding & Investments, confirmed to local newspaper The Bhutanese that it "entered the mining space" at this time. ...

Could bitcoin monetize Bhutan's energy surplus?

Bitcoin Bitcoin +1.8% mining offered a way to monetize Bhutan's energy surplus and potentially secure a new revenue stream for the kingdom according to a Forbes article by journalists Iain Martin and Sarah Emerson. In 2020, as the global pandemic disrupted traditional revenue streams, Bhutan intensified its cryptocurrency efforts. ...