Odaily reported, citing monitoring by Onchain Lens, that an address withdrew 533 BTC from Binance. The transaction was valued at about $33.4 million based on the figures included in the report. The receiving address is described as a newly created wallet, meaning the bitcoin moved from the exchange into a fresh external address.
According to the same monitoring information, the source of funds associated with this address matches funds deposited by the Bhutan government two days earlier. On that basis, the wallet is described as suspected to belong to the Royal Government of Bhutan. However, the report also states that the address has not been verified, so the attribution remains limited to the observed on-chain funding match.
In on-chain tracking, a withdrawal from an exchange generally shows assets leaving a platform-controlled environment for an external wallet, while the transaction itself does not establish how the assets will be used next. The key details in this case are the 533 BTC withdrawal, the $33.4 million reported value, the newly created wallet, and the funding link to the Bhutan government’s deposit from two days earlier.