Analysts React as Bhutan Government Transfers 419.5 BTC to a New Wallet
- The Bhutan government sent $47 million worth of BTC to a new wallet.
- DHI executed the transaction on behalf of the Royal Government of Bhutan.
- Bhutan has become one of the most active sovereign entities in the Bitcoin industry.
The Royal Government of Bhutan continued its active participation in the Bitcoin market by transferring 419.5 BTC worth approximately $47 million to a new wallet.
On-chain data shows that the Bhutan government’s investment arm, Druk Holding and Investments (DHI), executed the transaction on Wednesday, September 24. The transaction left Bhutan’s official Bitcoin wallet with a balance of 9,232 BTC, worth about $1.04 billion, cementing the Himalayan nation’s quiet but steady role in crypto’s sovereign narrative.
Related: Bhutan Amasses World’s Third Largest Bitcoin Reserve
Bhutan intensifies Bitcoin participation
Earlier thi…
Read The Full Article Analysts React as Bhutan Government Transfers 419.5 BTC to a New Wallet On Coin Edition.
Read More
Bitcoin Price Hits Historic Quarterly Close — Is $150,000 Next?
Analysts React as Bhutan Government Transfers 419.5 BTC to a New Wallet
- The Bhutan government sent $47 million worth of BTC to a new wallet.
- DHI executed the transaction on behalf of the Royal Government of Bhutan.
- Bhutan has become one of the most active sovereign entities in the Bitcoin industry.
The Royal Government of Bhutan continued its active participation in the Bitcoin market by transferring 419.5 BTC worth approximately $47 million to a new wallet.
On-chain data shows that the Bhutan government’s investment arm, Druk Holding and Investments (DHI), executed the transaction on Wednesday, September 24. The transaction left Bhutan’s official Bitcoin wallet with a balance of 9,232 BTC, worth about $1.04 billion, cementing the Himalayan nation’s quiet but steady role in crypto’s sovereign narrative.
Related: Bhutan Amasses World’s Third Largest Bitcoin Reserve
Bhutan intensifies Bitcoin participation
Earlier thi…
Read The Full Article Analysts React as Bhutan Government Transfers 419.5 BTC to a New Wallet On Coin Edition.
Read More