Bhutan moves $38.57M in Bitcoin, holds $1.13B in total

Onchain analyst Onchain Lens reported on X that the Royal Government of Bhutan has transferred 377.78 BTC, worth about $38.57 million, to two separate wallets. Over the past hour, a total of 633.047 BTC, valued at $64.57 million, has been moved. Bhutan's Bitcoin holdings now stand at 11,055 BTC, valued at $1.13 billion. Previous wallet activity suggests some transactions may have been deposits to Binance Exchange.