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Bhutan’s Bold Bitcoin Move: $11.8M BTC Dump to Binance – What’s the Play?
Bhutan’s Bold Bitcoin Move: $11.8M BTC Dump to Binance – What’s the Play?
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Bhutan just made a power move—shifting $11.8M in Bitcoin to Binance. Is this a strategic sell-off or just another government dipping toes in crypto’s volatile waters?
Why Binance? The kingdom’s timing raises eyebrows. While traditional markets waffle, Bhutan’s crypto gambit could signal either shrewd hedging or bureaucratic FOMO.
Behind the trade: No official statement yet, but the transaction reeks of either desperation or genius—take your pick. One thing’s clear: when sovereign nations start playing hot potato with BTC, the market pays attention.
Bonus jab: Another day, another government treating crypto like a magic ATM—until the bear market hits.
In the most recent updates by Lookonchain, it is revealed that Bhutan's Royal government has moved 100.251 BTC (under Bhutan Bitcoin Strategy) which sums up almost $11.83 million, to binance. It is anticipated that the active Management strategy over the past year i... Read More
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