Bhutan Deposits $23.6M in Bitcoin to Binance Amid BTC All-Time High Surge

• Royal Government of Bhutan transfers 212.31 BTC worth $23.61M to the Binance exchange.
• Bhutan has moved 350.74 BTC, totaling $38.5 million over the past 10 days.
• A hydropower-based mining strategy enables sustainable Bitcoin accumulation.

The Royal Government of Bhutan has deposited 212.31 Bitcoin, worth approximately $23.61 million, into Binance. This latest transfer forms part of a larger Bitcoin movement totaling 350.74 BTC, valued at $38.5 million, over the past 10 days.

Bhutan’s policy on Bitcoin began with mining activities initiated by the sovereign wealth fund Druk Holding & Investments in 2019. The government utilizes the nation’s rich hydroelectric power resources to mine Bitcoin as a foreign exchange reserve.

The Royal Government of Bhutan has deposited 212.31 $BTC worth $23.61M into #Binance.

Over the past 10 days, they have sent a total of 350.74 $BTC, worth $38.5M into #Binance.https://t.co/q4dW3qJBT5 pic.twitter.com/VLscBbdBkq

— Onchain Lens (@OnchainLens) July 10, 2025

The timing of these deposits coincides with Bitcoin’s new ATH of above $112,000, suggesting prudent treasury management by Bhutanese officials. Government sales of Bitcoin…

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