“On July 10, the Butan Government transferred 213.31 BTC (~ $ 23.7 million) to the Binance Exchange. The transaction took place a few hours after Bitcoin has updated the historic maximum near the $ 113,500. Data: Arkham. The purpose of the transfer is not officially disclosed. At the same time, such actions are often preceded by the sale of assets on centralized exchanges. According to Arkham, Butan still remains 11 […]”, – WRITE: Businessua.com.ua
On July 10, the Butan Government transferred 213.31 BTC (~ $ 23.7 million) to the Binance Exchange. The transaction took place a few hours after Bitcoin has updated the historic maximum near Marks $ 113 500.
Data: Arkham.
The purpose of the transfer is not officially disclosed. At the same time, such actions are often preceded by the sale of assets on centralized exchanges.
According to Arkham, butan still has 11 711 BTC (~ $ 1.38 billion), which is approximately 40% of the country’s GDP. There are also 656 ETH in the reserves.
Data: Arkham.
Assets control Druk Holding & Investments. Unlike many cryptocurrencies through confiscation, Banut produces bitcoins on its own at the expense of hydroelectricity.
According to Bitcointreasuries, Butan ranks sixth in the world in terms of BTC reservoirs.
Recall that the government also introduces cryptocurrencies for the development of tourism and modernization of the financial system with the support of Binance.
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