Bhutan Shifts $66M Bitcoin to Binance with Price Surpassing $71K

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Bhutan holds another $886 million worth of Bitcoin, which could introduce more selling pressure, as the country has been mining and holding Bitcoin for over five years.

Bhutan’s government has started moving its quietly accumulated Bitcoin holdings as the price soared above the key $70,000 level.

The Bhutan government-labeled wallet transferred over $66 million worth of Bitcoin to the Binance deposit wallet, suggesting that it intends to sell the BTC on the world’s largest cryptocurrency exchange.

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