Data based on blockchain data Arkham Intelligence Agency. The new deal comes as Bhutan’s total Bitcoin holdings have grown to 11,924 BTC, worth about $1.28 billion, and the current market price is around $107,000.
The small kingdom of the Himalayan Kingdom has become a major player in the cryptocurrency field, and its Bitcoin hiding represents much of its economy. These holdings were built primarily through state-backed mining under Druk Holdings Bit TechnologyBy 2025, it expands its local mining capacity to 600 MW.
Although no government has made no public comment on the reasons for the transfer, the latest Binance deposit has sparked speculation about potential sales pressure.
Some investors are questioning why Bitcoin has not soared yet New historical high point Although the company bought a lot. However, these investors failed to consider large holders (Like Bhutan) Sitting on big profits, they are happy to unload some of their bets and balance the heavy buying pressure.
