The Royal Government of Bhutan sent Bitcoin as much as 367.25 BTC worth $33.50 million (yesterday 11/14/2024). I suspect that Bhutan will take profit on some of their huge Bitcoin reserves. That is one of the reasons why the Bitcoin market is starting to get depressed and it will take time to recover. In addition to collecting from Bitcoin purchases, the Royal Government of Bhutan also mines Bitcoin using environmentally friendly hydroelectric energy.
