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Bhutan Government Transfers Over 5 Billion Yen Worth of Bitcoin to Binance

2025/07/11 10:38 (Updated 2025/07/11 11:01)
CoinPost
Written by K.Kobayashi
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Bhutan Government Transfers Over 5 Billion Yen Worth of Bitcoin to Binance

Bitcoin Transferred to Exchange

According to data from blockchain analytics firm Arkham, the Government of the Kingdom of Bhutan has transferred Bitcoin (BTC) worth over 5 billion yen to the cryptocurrency exchange Binance from last week to this week. The timing of these transfers almost aligns with the rise in Bitcoin prices, indicating a possible sale. It has been observed before that Bhutan has transferred Bitcoin to Binance during market upswings. Related: Following last month, the Bhutanese government deposits a portion of its Bitcoin holdings into Binance. Initially, on June 30th, Japan time, funds were transferred to Binance...

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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.