Rally

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when

<p>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.</p> 
<p>The transfer raises speculation about the government’s intentions, with analysts suggesting it may be preparing to sell shares to bitcoin holders.</p> 
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   Source: <a href="https://x.com/lookonchain/status/1851205455579922752" target="_blank" rel="noreferrer noopener">Twitter</a>
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<p>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.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/10/29/bitcoins-bullish-rally-aims-for-80000-by-2025-end/" target="_blank" rel="noreferrer noopener">Bitcoin’s Bullish Rally Aims for $80,000 by 2025 End</a></p> 
</blockquote>

Royal Government of Bhutan Transfers 929 BTC to Binance

The Crypto Times

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