The Kingdom of Bhutan has moved its Bitcoin to a centralized crypto exchange for the first time since July 1! 🇧🇹

- On October 29, the Bhutanese government sent 929 BTC (over $66 million) to a Binance deposit address.

- Initially, 100 BTC ($7.3 million) was transferred as a test, followed by 839 BTC ($59 million).

- Bhutan has been actively investing in BTC mining since 2023, earning over $750 million in a year.

Bhutan currently has 12,456 BTC ($885 million), making it the fifth-largest government-owned crypto asset in the world. BTC recently surpassed $71,000, and analysts predict a possible record high of $73,000.

What do you think of Bhutan's strategy? Share your thoughts in the comments! 💬

#Cryptocurrencies#Blockchain#Bhutan#Bitcoin #Binance