Bhutan just moved $835K in #Bitcoin
The government transferred 10.779 #BTC to two newly created wallets, with the purpose of the move still undisclosed.
What caught my attention is the bigger picture. Bhutan is estimated to hold 13,000+ $BTC, largely accumulated through state-backed mining powered by its hydropower resources.
The transfer itself is unlikely to move the market, but if more governments start actively managing their $BTC BTC reserves, could on-chain government activity become an increasingly important market signal?
#Macro Insights#
The government transferred 10.779 #BTC to two newly created wallets, with the purpose of the move still undisclosed.
What caught my attention is the bigger picture. Bhutan is estimated to hold 13,000+ $BTC, largely accumulated through state-backed mining powered by its hydropower resources.
The transfer itself is unlikely to move the market, but if more governments start actively managing their $BTC BTC reserves, could on-chain government activity become an increasingly important market signal?
#Macro Insights#
