#Bhutan Government Moves Bitcoin#

Recently, the Royal Government of Bhutan has made two large-scale Bitcoin transfers. According to on-chain data monitoring, the Bhutanese government transferred 255.26 BTC (worth $26 million) and 377.78 BTC (worth $38.57 million) to two unknown wallets, totaling 633.047 BTC worth $64.57 million. Currently, the Bhutanese government holds 11,055 BTC, valued at $1.13 billion.While the specific purpose of the transfer is currently unclear, based on previous records, the Bhutanese government may have transferred these Bitcoins to Binance exchange.The transfer has attracted widespread attention, and some analysts believe that it may be a fund transfer by the government for investment or other operations. There are also views that this may be an asset transfer by the government to avoid risks.The Bhutanese government's Bitcoin transfer has once again raised concerns about national institutions holding digital assets. As digital assets continue to develop, more countries and institutions will join the ranks of digital assets in the future.