Bhutan transferred $34.5 million in bitcoins to Binance

The government of the Kingdom of Bhutan transferred 533 bitcoins worth about $34.5 million to the Binance crypto exchange. The operations were recorded by analysts of the Arkham Intelligence platform. The transfers came from a wallet linked to the state investment company Druk Holding & Investments. The largest single transaction was 227.19 bitcoins ($14.7 million), another one was 48.22 BTC ($3.1 million), and the remaining operations were smaller, down to fractions of a bitcoin. […]

Source: CryptoTech