Bhutan Transfers $23.7 Million in Bitcoin to Binance
On July 10, the government of Bhutan transferred 213.31 BTC ($23.7 million) to the Binance exchange, according to Arkham. The transaction occurred hours after Bitcoin’s price reached a historic high near $113,500. Source: Arkham. The exact reason for the transfer remains unknown. However, such deposits on centralized platforms typically precede asset sales. According to Arkham, […]