The Royal Government of Bhutan transferred 533.2 BTC to Binance, and is suspected to have sold over 10,000 BTC in the past year.

TechFlow news: On June 17, blockchain analyst Yu Jin (@EmberCN) reported that approximately 15 minutes ago, an address associated with the Royal Government of Bhutan transferred 533.2 BTC to Binance, worth roughly $34.52 million. Since June last year, this address has reportedly sold approximately 10,451 BTC over the past year, generating cumulative proceeds of around $979 million, at an average selling price of approximately $93,738 per BTC. As of now, the address still holds roughly 1,750 BTC, valued at approximately $113 million.