Address linked to Bhutan withdraws $33.4M in BTC from Binance

An anonymous new address suspected of belonging to the government of Bhutan has withdrawn 533 BTC, worth $33.4 million, from Binance, according to Onchain Lens. While the address's identity remains unconfirmed, the Bhutanese government deposited an identical amount of BTC to the exchange on June 17. Withdrawals from exchanges are typically interpreted as a move to hold assets.