The Royal Government of Bhutan has sent 367 bitcoins, worth $33.51 million, to Binance, the leading crypto exchange by trading volume.

In a Thursday transaction, the fourth-largest Bitcoin-holding government sent 367 BTC, valued at $33.51 million, to a Binance Deposit address. Data from Lookonchain shows that the possible sale happened by 12:06 (UTC) today.

Bhutan sold the portion of its billion-dollar Bitcoin stash at an average cost of $91,242 per coin, incurring a transaction cost of 0.00130176 BTC ($118.76). Meanwhile, the nation still holds 12,573 BTC after the Thursday transaction, worth $1.15 billion.

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