Bhutan government is at a distance of $ 59 million in Betoin

The royal government of Bhutan on Tuesday transferred a price of $ 59 million to a new wallet to 517 bitcoins, which raw raw to the data of Arkham Intelligence.

It is not clear that the government intends to capitalize on its bitcoin holdings. In the past, the Bhutan government has often sold its BTC pormissions after major transfer, in which coins usually end on benins.

The most recent transfer occurs in mid -July, when 650 BTC was sent between about $ 74 million.

After today’s move, the government’s investment branch Druk Holdings still has 10,769 BTCs, priced around $ 1.2 billion.

At the press time, Bitcoin was trading at $ 114,500 below 3% in the last seven days, working for the tradingview.

Bhutan is known for his embrace of Crypto. In May, it is the first country to start a national crypto-managed payment system for its tourism sector. Statement Pay and Bhutan’s State -DK Bank participated to the convenience of this initiative.

The government is adopting green crypto mining, which is operated by hydropower, to increase its economy and combat brain drain. Using clean energy, the country aims to attract investment by offering digital assets that align with corporate ESG goals.