Imagine, if you will, a land where the mountains touch the sky and the rivers whisper secrets of ancient times. In this magical realm, known as Bhutan, something extraordinary has happened! The Royal Government (or should we say, the Druk Holdings) has pulled off a bit of fiscal wizardry by shuffling600 bitcoins (a cool $52 million at the going rate) into a mysterious wallet. 🎩✨
According to the all-seeing eye of Arkham Intelligence, this grand relocation occurred on Monday, March25. It was the first such move since mid-February, and it trimmed Bhutan’s treasure trove to10,070 bitcoins, a princely sum of $879 million. Not too shabby, eh?
TopMob, with its nose for news, previously revealed that Bhutan’s bitcoin stash was impressive, but not quite as hefty as North Korea’s. Back then, Druk Holdings was sitting pretty with10,635 bitcoins.
The adventure began with two tiny transactions, a mere0.00100000 bitcoins each, as if testing the waters. Then, with a flourish, the600 bitcoins were swept into one of the trial wallets. Quite the spectacle!
As of10 a.m. ET on March24, the fortune remains in this address, untouched. Despite the movement, Bhutan proudly holds the title of the fourth-largest sovereign bitcoin hoarder, trailing only the U.S., the U.K., and North Korea. Quite the illustrious company!
Meanwhile, the notorious Lazarus Group, with a whopping13,332 bitcoins to their name, continues to juggle their crypto holdings. In stark contrast, Bhutan’s bitcoin ballet seems a masterclass in strategic asset management, blending caution with a dash of geopolitical finesse.
This600 bitcoin transfer might just be the magic potion funding public sector salaries or healthcare miracles, as hinted by Prime Minister Tshering Tobgay. Unlike some nations that hoard bitcoins through questionable means, Bhutan mines its digital gold using the power of its mighty rivers. How’s that for sustainable sorcery?
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2025-03-24 18:12