The Bhutan government moves $ 23.73 million from Bitcoin to Binance again – market timing? star-news.press/wp
Evolution journalist
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Evolution journalist
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The Royal Government in Bhutan has transferred $ 23.73 million from Bitcoin to the Binance Exchange within hours of Bitcoin to the highest new level ever above. 112,000 dollarsContinue the nation’s strategic style for sale during price peaks.
Arkham intelligence Data It indicates that the government moved 213 BTC Via multiple transactions, with the largest conversion, at a value of $ 23.18NIt occurs just two hours before the market is closed.
The latest sales of Bitcoin Bitcoins remains to 11,711 BTC at a value of $ 1.3 billion, while maintaining its position as the sixth largest government holder in Bitcoin in the world.
The timing coincides with the penetration of Bitcoin higher than the previous resistance levels, indicating that the strategic market analysis pushes the country’s commercial decisions instead of random liquidation events.
Bhutan has constantly showed the timing of the superior market compared to other sovereign bitcoin owners, especially in contrast to the expensive liquidation strategy in Germany.
The German government’s decision to sell 49,858 BTC at $ 53,000 per coin in July 2.015 billion dollars Loss of opportunities, because these holdings will now be worth $ 4.57 billion at current prices.
The Himalayas’s approach is greatly different from the purchase and retaining strategy of El Salvador, with President Nayb pledged not to sell bitcoin reserves.
El Salvador currently has 6,233 BTC, at a value of approximately $ 693 million, while Bhutan maintains almost doubling property, despite strategic sales periodically during favorable market conditions.
Water powered strategic trading
Bitcoin accumulation strategy focuses on sustainable mining operations, backed by abundant applicability resources of the Himalayas Mountains.
The country began mining bitcoin in April 2019 when prices were circulated by about $ 5,000, and to build reserves through energy -saving operations, representing more than 25 % of the country’s gross domestic product.
Druk Holdings and Investments, the sovereign investment arm in Bhutan, has extracted 13,011 BTC since its inception, as it also diversified to Ethereum, BNB and Polygon Holdings.
The investment vehicle oversees the country’s leading airline, hydroelectric plants, and various industrial operations outside the activities of encrypted currency.
A partnership with the Singaporean mining giant has expanded the capacity of Bhutan through a 600 -megawatt facility in Gedo, where the nation placed among the largest sustainable bitcoin mining operations in the world.
The largest facility in the country is working on a billion dollar educational city project, using the current infrastructure for the production of encrypted currency.
Satellite images confirm that mining operations started construction in December 2021, where facilities were hidden behind mountain terrain, but can be identified through transformer facilities and power line networks.
The strategic location provides energy and operating security for the accumulation of the government’s digital assets.
Modern initiatives include the first driving system for tourism at the national level at the national level, in partnership with Binance Pay and DK Bank to enable cryptocurrency payments across more than 100 local traders.
The system supports more than 100 encrypted currencies, allowing transactions to everything from flight tickets to road side purchases.
Smart money strategy outperforms and keeps purchase methods
The sale approach affiliated with Bhutan has generated superior returns compared to the negative reservation strategies used by other countries.
Over the past two months, the government has sold 1,696 BTC at an average price of $ 81,999, as it has benefited from prices while maintaining long -term jobs.
The latest transactions include 208.56 BTC (23.18 million dollars) and smaller amounts of $ 273,000 and $ 238,000, which were implemented during the optimal market conditions.
Additional transfers show advanced wallet management with USDT movements between Binance and Kraken exchange of operational liquidity.
Recently, Gilivo’s mental city, Bhutan’s Special Administration Zone, announced the inclusion of Bitcoin, Ethereum, and BNB in its official strategic reserves, and it has become one of the first judicial states to formally recognize digital assets in the government portfolio.
The independent city aims to serve as an economic corridor linking South Asia to South Asia.
Likewise, Matrixport has become the first licensed encryption company expanding operations in the city of mind, which works under separate regulatory frameworks designed to attract Blockchain business.
Bhutan’s total portfolio currently reached $ 1.303 billion, including Ethereum Holdings, which represents about 43 % of the country’s GDP 3 billion.
The country is implementing a tactical sales strategy during the summits, which was born a large wealth of the small Kingdom in the Himalayas while avoiding the costs of the alternative opportunity that the less developed government sellers suffer.
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2025-07-10 07:47:00
