“Over the past four days, the Bohtan government has transferred 512.84 BTC (about $ 62.6 million) to the Binance Exchange’s deposit address, according to Arkham. Source: Arkham. Transfers have coincided with updating the bitcoin of the historic maximum of price. Since July 10, the country’s government has made six transactions to the same wallet. The latest transfer to 99 BTC on Binance took place on July 14. […]”, – WRITE: Businessua.com.ua
Over the past four days, the Bohtan government has transferred 512.84 BTC (about $ 62.6 million) to the Binance Exchange’s deposit address, according to Arkham.
Source: Arkham.
Transfers coincided with Upgrading the bitcoin of the historic maximum price.
Since July 10, the country’s government has made six transactions to the same wallet. The latest transfer to 99 BTC on Binance took place on July 14.
Subsequently, Arkham recorded another major transaction – 924 BTC to a unidentified wallet.
Lookonchain suggests that actions may indicate an attempt to sell assets against the background of market growth. At the end of June, the government has already transferred 137.245 BTC on Binance.
According to Arkham estimates, 10,486 BTC has a total value of $ 1.28 billion. This is more than 40% of the country’s gross domestic product. The asset management is carried out by the Druk Holdings & Investments.
Source: Arkham.
Banut increases bitcoin reserves mainly through mining, using excess hydroelectricity.
According to Bitcointreasuries, the country occupies the sixth position in the world in terms of digital gold reserves.
Recall that the Kingdom government is introducing cryptocurrencies in order to modernize the financial system and development of tourism with Binance support.
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