Key highlights: Bhutan transferred 533 BTC worth approximately $34.5 million to Binance, according to Arkham Intelligence data. The move has fueled speculation that the Royal Government of Bhutan could be preparing another Bitcoin sale. Despite the transfer, Bhutan remains one of the world’s largest sovereign Bitcoin holders, with an estimated treasury worth more than $112.4 […]
Tag: Bhutan
By Emir Abyazov Key highlights: Bitcoin’s hash rate dropped 4% in December, marking its steepest decline since April 2024. VanEck analysts say prolonged hash rate declines have historically preceded stronger Bitcoin returns. Rising energy costs and competition from AI data centers are pressuring miners worldwide. Bitcoin miners are beginning to capitulate, and some analysts believe […]
By Emir Abyazov Key highlights: Bhutan plans to allocate 10,000 Bitcoin from its reserves to fund Gelepu Mindfulness City, a new special administrative district. The project aims to create jobs, retain young citizens, and position Bhutan as a regional hub for finance, technology, and green energy. Bhutan’s Bitcoin strategy combines long-term holding with selective use […]