Kingdom of Bhutan just deposited 365 Bitcoin on Binance; Is it going to sell?
The Kingdom of Bhutan’s Bitcoin (BTC) strategy may shift after the country moved a significant portion of its holdings to Binance. The Asian country transferred about 365 BTC, valued at approximately $33.3 million, to a Binance deposit address on November 14, coinciding with a period when Bitcoin was trading around its all-time high of over $90,000, according to data retrieved by Finbold from on-chain Analysis platform Arkham. Kingdom of Bhutan Binance deposit transaction. Source: Arkham This transfer adds to the growing number of the country’s crypto holdings being moved to Binance. For instance, toward the end of October, Bhutan shifted 929 BTC (worth $66.1 million) to the exchange. Picks for you Did Peter Schiff just turn bullish on Bitcoin? 2 hours ago ...