Bhutan’s government sent $74M in Bitcoin to Binance during a price surge.
Druk Holding manages over 11,400 BTC, powering reserves with hydro mining.
Transfers reflect a strategy to leverage crypto for national economic goals.

The government of Bhutan has sent $74 million in Bitcoin to Binance at a time when the cryptocurrency is breaking records. The deals were carried out over the last two weeks by Druk Holding & Investments, which is the sovereign wealth fund of the country. The transfers have been tracked by blockchain analytics provider Onchain Lens, and they signal further interest in digital assets in Bhutan as Bitcoin hit a record high of over $120,000.

Source – X

Beginning on June 30th, a series of transactions were initiated, all of which originated from the inactive wallet of the Royal Gov of Bhutan. The initial deal was 137.24 BTC, which was worth 14.7 million dollars at the time. The later movements were between 2 and 200 BTC per transaction, with the latest transfer of 99.47 BTC, which is equal to 12.05 million dollars, being made just a few hours after Bitcoin hit its all-time high. Within the allotted period, the government sent 650 BTC to Binance.

Druk Holding’s Crypto Strategy: Mining, Transfers, and Reserves

Druk Holding & Investments is the manager of crypto reserves in Bhutan and has developed a large holdings position in Bitcoin using state-sponsored mining. The country uses its hydroelectric potential to supply mining plants and facilitate a strategy that focuses on the sustainability of the country and the accumulation of digital assets.

Source –Arkham Intelligence

Currently, the country possesses 10,485 BTC, worth about 1.2 billion dollars in the current figures. This accounts for more than 40% of the country’s GDP. The government strategy involves selling holdings to the likes of Binance to get liquidity and perhaps take advantage of a good market. Bhutan, in May, also joined Binance to launch crypto payments in the country within the tourism industry, an indication of a greater penetration of cryptocurrencies in its economy.

According to a representative of Druk Holding, this practice will provide effective management of assets and contribute to the long-term economic objectives of Bhutan. This indicates that the government has long been interested in the incorporation of digital assets into national development plans.

Bitcoin Price Highs Prompt Government Action

This activity in Bhutan on Binance has coincided with the fact that Bitcoin has moved over $123,000. The transfers to the government are in line with a trend of selling into price rallies, as had been happening the last few times when Bitcoin was inching towards a new price milestone. Such measures offer a liquidity measure and can be used to finance domestic projects, as was the case with past examples of crypto income being used in project development within the public sector.

The latter transfers were marked by Onchain Lens, and they drew attention to the fact that Bhutan was one of the few governments that actively operated a massive Bitcoin reserve with direct mining and controlled market interventions. The national approach shows how state actors can use digital assets to develop economically and infrastructurally.

The post Is Bhutan Cashing In? $74M Bitcoin Transfer to Binance at $120K+ Peak appeared first on Live Bitcoin News.

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Filed under: Bitcoin - @ July 14, 2025 4:23 pm