The government of Bhutan has deposited nearly 1,000 bitcoin ($65 million) into a deposit address on crypto exchange Binance. This move has sparked speculation that the Bhutan government is considering selling some of its bitcoin holdings, which could potentially impact market prices. Bhutan emerged as a BTC whale earlier this year after it was identified as an official holder of BTC, with holdings representing nearly a third of its GDP. The country's bitcoin investment is part of a strategy to diversify revenue streams, and recent wallet activity shows both deposits and withdrawals. The move by Bhutan is part of a broader trend of profit-taking among whales as the price of bitcoin nears its record high.



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