Bhutan transferred 533 BTC worth $34.5 million to Binance in multiple batches, according to onchain data from analytics platform Arkham. The transactions were executed from a wallet identified as belonging to Druk Holding & Investments, Bhutan's state investment arm. The largest individual transfer involved 227.19 BTC for approximately $14.7 million, followed by another for 48.22 BTC valued at around $3.1 million.

Bhutan Moves 533 BTC to Binance, Arkham Data Shows