ChainCatcher reported, citing monitoring by on-chain analyst Ember, that a Bhutan government address transferred 533.2 BTC to Binance 15 minutes earlier. The transfer was valued at approximately $34.52 million based on the figures included in the monitoring update. The sender was identified as a Bhutan government address, while the receiving platform was Binance.
According to Ember’s monitoring, since last June the address appears to have gradually sold about 10,451 BTC over the course of one year. The reported cash-out amount was around $979 million, with an average selling price of $93,738 per BTC. These figures describe the address’s Bitcoin movements and sales under the cited on-chain monitoring framework.
After the latest transfer of 533.2 BTC, Ember said the Bhutan government address still holds about 1,750 BTC, valued at approximately $113 million. The available information does not include further transaction details after the transfer to Binance, nor does it disclose any subsequent operational arrangement for the remaining holdings.