Bhutan Sells Over $66 Million in Bitcoin as BTC Hits $71K
The post Bhutan Sells Over $66 Million in Bitcoin as BTC Hits $71K appeared first on Coinpedia Fintech News
The Bhutan government recently transferred 929 BTC, worth more than $66 million, to the crypto exchange Binance as Bitcoin’s price surpassed $71,000. This move aligns with a strong market trend, as Bitcoin continues its rally amid positive sentiment and the upcoming U.S. elections. According to blockchain data from Arkham Intelligence, Bhutan still holds a sizable 12,456 BTC, valued at around $886 million, making it one of the top four governments globally in Bitcoin holdings. Experts speculate that Bhutan may be leveraging the current high prices for profit-taking, given BTC’s recent technical strength.
