Bhutan Transfers $23M Bitcoin Amid Price Surge
- Bitcoin transfer of $23M amidst record high prices.
- This marks one of Bhutan’s largest strategic sales.
- No official statements from Bhutan or Binance executives.
Bhutan’s government has transferred $23 million in Bitcoin to Binance amid the cryptocurrency reaching new all-time highs.
Bhutan’s Strategic Bitcoin Moves
Bhutan, through its investment arm Druk Holding and Investments (DHI), moved 213.5 BTC, valued at $23.7 million, to Binance on July 10, 2025. These strategic sales align with Bhutan’s pattern of profit-taking during bullish market cycles. They have increased net holdings valuing $1.30 billion post-transaction. Bhutan repeatedly times sales at peaks, enhancing its reputation as the sixth-largest Bitcoin holder globally, leveraging cryptocurrency as a high-yield reserve. Market impact remains significant but within BTC’s robust $60 billion daily trading volume. No comments from entities like Binance or Bhutanese officials have yet surfaced.
Record High Prices and Market Impact
The Bitcoin price surged to $112,000, highlighting Bhutan’s profitable treasury strategy. Experts point to healthy liquidity as markets accommodate these high-volume moves.
The financial outcome reflects proactive crypto reserve management. Future actions remain closely monitored without clear comment from industry leaders on potential strategies or regulation shifts. Bhutan’s approach could serve as a model for sovereign cryptocurrency management as trends evolve.
No direct quotes or statements from official Bhutanese sources or high-profile crypto executives regarding this specific transaction are present at the time of writing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decoding VitaDAO: A Paradigm Revolution in Decentralized Science
Mars Morning News | ETH returns to $3,000, extreme fear sentiment has passed
The Federal Reserve's Beige Book shows little change in U.S. economic activity, with increasing divergence in the consumer market. JPMorgan predicts a Fed rate cut in December. Nasdaq has applied to increase the position limit for BlackRock's Bitcoin ETF options. ETH has returned to $3,000, signaling a recovery in market sentiment. Hyperliquid has sparked controversy due to a token symbol change. Binance faces a $1 billion terrorism-related lawsuit. Securitize has received EU approval to operate a tokenization trading system. The Tether CEO responded to S&P's credit rating downgrade. Large Bitcoin holders are increasing deposits to exchanges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
The central bank sets a major tone on stablecoins for the first time—where will the market go next?
The People's Bank of China held a meeting to crack down on virtual currency trading and speculation, clearly defining stablecoins as a form of virtual currency with risks of illegal financial activities, and emphasized the continued prohibition of all virtual currency-related businesses.
Trending news
MoreCrypto prices
More
