• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted
Bitcoin

Bhutan Transfers Fresh $49 Million In Bitcoin To Binance – What’s Behind The Move?

Christian Encila
by Christian Encila
8 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Royal Government of Bhutan is still making strategic use of its Bitcoin assets. On December 10 the government dispatched 502 Bitcoin, or around $49.42 million, to two platforms, Binance and QCP Capital. Blockchain tracking service Arkham Intelligence says that this is the most current of a scheduled sell-off meant to maximize earnings by leveraging changes in the market.

Related Reading: Expert Suggests Ripple And XRP Could Be America’s ‘Secret Weapon’

Bhutan sent 402 Bitcoin, which is worth $39.56 million, to Singapore-based QCP Capital in four separate transfers. A short time later, Binance got an extra 100 coins, which were worth $9.81 million. This is the latest in a series of deals like this that started in October. In that time, Bhutan sold a total of 1,696 BTC and made $139 million, with each crypto unit selling for an average of $81,999.

A Record November Bitcoin Sale

On November 14, 2024, Bhutan made a big sell through Binance, offloading 367 BTC for about $33.5 million. At the same time, the alpha coin hit an intraday high of more than $90,000. This transaction was one of the Bhutanese government’s more lucrative decisions, according to Arkham Intelligence, demonstrating its skill at market timing.

Source: Arkham Intelligence

Bhutan still holds a sizable amount of Bitcoin—11,688 BTC, or over $1.15 billion—despite these recent sell-offs. Along with the US, China, UK, and Ukraine, the Himalayan monarchy is now one among the top five countries in the world in terms of crypto ownership.

Leveraging The Bull Market

The current bull market has made it possible for countries like Bhutan and El Salvador to use cryptocurrency for business. El Salvador, for example, has taken advantage of the rise in Bitcoin price to pay for building projects like its ambitious Bitcoin City and to get rid of its debt. Even though it’s not as well known, Bhutan’s approach also focuses on using cryptocurrency as part of bigger economic plans.

Bitcoin is currently trading at $97,755. Chart: TradingView

Market Dynamics And Future Outlook

Bhutan’s trades coincide with a more general market downturn in terms of timing. Bitcoin just dropped below the psychological $100,000 mark, falling as low as $94,350 before rising to about $97,000. Analysts believe that after Bitcoin’s significant gain, this decline is a normal correction.

Related Reading: Bitcoin State: Florida Pensions Take $1.85 Billion Leap Into Crypto

The way Bhutan approaches the management of reserves emphasizes how governments may deliberately leverage market developments. Bhutan shows how nations may include digital assets into its economic plans by matching their sales with times of great demand and peak pricing.

This calculated use of bitcoin reserves not only generates significant income but also emphasizes the growing importance of digital assets in world financial institutions. Bhutan’s measures could be a model for other governments trying to negotiate this erratic yet profitable environment as the crypto market develops.

Featured image from Business 360, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

crypto, stablecoin

Bank Of England Governor Shares ‘Multi-Money’ Vision Ahead Of Stablecoin Plan Consultation

8 minutes ago
Monthly Forecast: Grok's Predictions About the Next 1000x Cryptos

Monthly Forecast: Grok’s Predictions About the Next 1000x Cryptos

11 minutes ago
Bitcoin Hyper Heats Up as Its $HYPER Token Presale Nears $14M Raised: Is It the Next Crypto to 1000x?

Bitcoin Hyper Heats Up as Its $HYPER Token Presale Nears $14M Raised: Is It the Next Crypto to 1000x?

18 minutes ago
Strategy

S&P 500 Potential: Strategy Could See $16 Billion Inflows With Index Inclusion–Bloomberg

1 hour ago
Crypto

SEC’s Push For Crypto Clarity: New Rules On The Horizon To Address Industry Challenges

3 hours ago
WLFI

FOMO Ends In Pain: WLFI Whales Suffer Millions In Loses On Price Collapse

4 hours ago

Premium Sponsors

Press Releases

  • MemeCore七日暴漲 211%引爆熱度 Snorter Bot...

    1 hour ago
  • miner

    Is Bitcoin Investment Still Profitable? Use BTC Cloud...

    1 hour ago
  • miner

    ADA’s path to long-term success: Integrating with...

    13 hours ago
  • Bitget and Bitget Wallet Support Trading of Over 100...

    16 hours ago
  • miner

    XRP Price From a High of $3.65 to a Low of $2.72: How GMO...

    18 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.