Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 104174
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
64.37%
Bitcoin Share
Finbold 2025-06-30 17:46:56

Kingdom of Bhutan just deposited $15 million Bitcoin on Binance; Time to sell?

Kingdom of Bhutan just deposited $15 million Bitcoin on Binance; Time to sell?

The Kingdom of Bhutan’s Bitcoin ( BTC ) strategy has taken a notable turn with the transfer of part of its holdings to cryptocurrency exchange Binance , suggesting possible plans to sell. Details of the transaction indicate that the country transferred 137.245 BTC, valued at approximately $14.77 million, to the exchange on June 30, according to the latest on-chain data obtained by Finbold from Arkham Intelligence. Kingdom of Bhutan Bitcoin transaction. Source: Arkham The potential for a sale comes as the Asian nation’s Bitcoin stash has grown significantly. As of press time, Bhutan holds 11,924 BTC, valued at approximately $1.28 billion. Notably, these holdings have been built mainly through state-supported mining operations controlled by Druk Holding and Investments. Currently, there is no official explanation for the Binance deposit; however, historically, moving funds to exchanges often signals plans to sell. Impact of Bhutan’s possible Bitcoin sale Offloading a large amount could introduce short-term volatility for Bitcoin, especially as the cryptocurrency is at a critical point where it may face a correction after repeated rejections near the $110,000 level. By press time, Bitcoin was trading at $107,636. Bitcoin seven-day price chart. Source: Finbold Notably, Bhutan is among the few countries, alongside El Salvador, that have been strategically accumulating Bitcoin. On the other hand, El Salvador has made Bitcoin legal tender and follows a “no-sell” strategy of periodic buying. In contrast, most government-held Bitcoin originates from criminal seizures, with the United States holding the largest share, mainly due to the Silk Road case. Meanwhile, the Himalayan nation is working to grow its crypto ecosystem beyond mining. For example, at the recent Digital Bhutan panel co-hosted with Binance, officials outlined plans to integrate cryptocurrency into everyday life. Building on the May 2025 launch of a crypto-backed tourism payment system developed with Binance and DK Bank, the platform uses Bhutan’s Bitcoin reserves to enable over 100 cryptocurrencies to be spent fee-free at more than 1,000 merchants via Binance Pay. Featured image via Shutterstock The post Kingdom of Bhutan just deposited $15 million Bitcoin on Binance; Time to sell? appeared first on Finbold .

Most Read News

Moralis Money
Market Cap
24h Vol
64.37%
Bitcoin Share
780
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.