Royal Bhutan Government Sells 367 Bitcoin on Binance

Quick Summary:

Bhutan has been quietly mining Bitcoin since 2021.

Using its hydropower, Bhutan runs low cost, sustainable mining operations and has accumulated over 12,200 BTC, worth about $1.11 billion, making it one of the largest government holders of Bitcoin.

By selling some while keeping the rest, Bhutan is balancing profit-taking with long term investment.

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Article Details

Author / Journalist: Sarayu Krishna

Category: Crypto

Markets: United Arab EmiratesBhutan

Topics: Binance Bitcoin News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 17:07:49 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 285 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23592686

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Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 20 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

Coverage Areas: United Arab Emirates

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