CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
Royal Government of Bhutan Transfers 929 BTC to Binance
Market Musing-g

Royal Government of Bhutan Transfers 929 BTC to Binance

The Crypto Times
By The Crypto Times
Created 2 months ago, last updated 2 months ago
1 min read
Royal Government of Bhutan Transfers 929 BTC to Binance

The Royal Government of Bhutan transferred 929 bitcoins (BTC) worth about $66.16 million to the Binance exchange right when bitcoin is closing on its ATH of $73,000. Bhutan currently holds a total of 12,456 BTC, worth about $886.58 million.

The transfer raises speculation about the government’s intentions, with analysts suggesting it may be preparing to sell shares to bitcoin holders.

Source: Twitter

Bitcoin’s current market value stands at $70,978.86, making the total value of Bhutan’s holding at approximately $888,977,785.63. As the government continues to take on the cryptocurrency’s evolving landscape, this latest statement highlights its significant share of the Bitcoin market.

0 likes
|

Other articles published on Oct 29, 2024

Market Musing-g

Animoca Expands Hong Kong Workspace Amid Downsizing Trend

Most of the financial and law firms in Hong Kong are reportedly choosing to downsize their offices because of the slow economy, but not Animoca Brands. Animoca – famous for its Web3 and digital cul...
By The Bit Journal
2 months ago
5 mins read
Market Musing-g

Is Elon Musk Behind the Latest Dogecoin Price Jump?

The crypto market kicked off an exciting “uptober” rally at the end of the month, with Bitcoin (BTC) inching closer to the $71.5K zone, its highest level since June. This bullish trend spilled over...
By TheNewsCrypto
2 months ago
3 mins read
Market Musing-g

Top Analysts Say ZDEX Could Be Your Key to 500x by Q1 2025; Poised Outperform KAS and TON

Discover why leading analysts predict ZDEX could yield up to 500x returns by Q1 2025, potentially outperforming competitors like KAS and TON.
By Crypto Daily™
2 months ago
4 mins read
Market Musing-g

Is Ethereum Losing Its Decentralized Edge? The VC Influence on Scaling

Ethereum's focus on L2 solutions over L1 scaling sparks centralization concerns, impacting its decentralized vision. VC influence and financial incentives drive Ethereum’s shift to L2, limiting L1 ...
By Crypto News Land
2 months ago
3 mins read
Market Musing-g

USDT Makes History as the First Stablecoin on Aptos, Revolutionizing Transactions

Tether's USDT on Aptos introduces the first stablecoin on a Move-powered blockchain, promising fast, affordable transactions. With transaction times under a second and minimal fee, USDT on Aptos tr...
By Crypto News Land
2 months ago
3 mins read
Market Musing-g

BNB vs SOL: Fight for top 3 heats up as new altcoin emerges as a serious contender

As Binance Coin and Solana battle for dominance, Lunex Network is emerging as the top investment choice, with experts predicting significant growth. #partnercontent
By crypto.news
2 months ago
4 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!