Experts noted that the exact reason for the transfer of the first cryptocurrency to Binance is unknown, but such deposits to centralized sites usually precede the sale of bitcoins.
According to ARKHAM estimates, at the moment, Butane still stores 11,711 BTC ($ 1.38 billion). This is equivalent to 40% of the country’s gross domestic product (GDP). In addition, there are 656 broadcasts in reserves.
Assets are managed by the State Investment Fund Druk Holding & Investments. Unlike many countries that receive cryptocurrency as a result of confiscation, Butan is engaged in mining. The kingdom uses the excess of its hydropower resources for the production of bitcoin.
Earlier, experts of the ARKHAM Intelligence analytical platform said the Kingdom of Butane took third place among countries with state reserves in the first cryptocurrency.
Source: Bits
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