Bhutan Moves 100.215 BTC Worth 11.83 Million to Binance

The Royal Government of Bhutan recently transferred 100.215 Bitcoin (BTC), valued at approximately $11.83 million, to the Binance exchange. This transaction was detected by Onchain Lens, a blockchain monitoring tool, and was confirmed by multiple sources. The transfer is part of a larger movement of Bitcoin by Bhutan's sovereign wealth arm, which has been actively managing its cryptocurrency holdings.

In August, Bhutan moved a total of 449 BTC, worth approximately $50 million, to Binance over an 11-day period. This included the 100 BTC deposit, indicating a strategic shift in the government's treasury management. The transfer of such a significant amount of Bitcoin to a major exchange like Binance suggests that the government may be planning to sell a portion of its holdings. This could potentially introduce selling pressure into the market, which traders and investors should monitor closely.

The Royal Government of Bhutan has been actively managing its Bitcoin reserves, with recent selling activity including the sale of 2,262 BTC for $200.46 million over the past year. These sales were executed in six batches at an average price of $88,612 per BTC. Despite these transactions, the government's remaining holdings are substantial, with 11,611 BTC worth an estimated $1.37 billion. This latest transfer to Binance could be a signal of further selling activity, which could impact the overall market dynamics.

This event underscores Bhutan's active engagement in the cryptocurrency market, influencing liquidity and potential financial strategies. The transfer of 100.215 BTC to Binance is a notable event in the cryptocurrency market, as it involves a significant amount of Bitcoin being moved by a government entity. This action highlights the growing interest and involvement of governments in the cryptocurrency space, as well as the potential impact of their actions on the market. Traders and investors should keep an eye on any further developments related to Bhutan's Bitcoin holdings and their potential impact on the market.

Despite significant transactions, no official statements have been released by Bhutanese authorities or DHI executives across their media platforms. Reports highlight the possible financial implications, with 449.3 Bitcoin worth $50.15 million transferred to Binance in a short span. This could indicate liquidity management or asset liquidation intentions and might influence short-term market dynamics. Historical actions show Bhutan has profited significantly from well-timed Bitcoin sales.

Observers continue to await official responses to gauge long-term implications. The on-chain data reveals Bhutan's shift toward major outbound Bitcoin movements since June 2025. As Bhutan actively manages its 11,611 Bitcoin reserves, market analysts watch for trends suggesting sell-offs or shifts in sovereign crypto strategies. This transfer of 100.215 BTC to Binance is a notable event in the cryptocurrency market, as it involves a significant amount of Bitcoin being moved by a government entity. This action highlights the growing interest and involvement of governments in the cryptocurrency space, as well as the potential impact of their actions on the market.