
Bhutan Transfers $12M in Bitcoin as This Yearās Outflows Grow
The government of Bhutan moved part of its Bitcoin reserves again this week, transferring 175 BTC worth approximately $11.85 million, according to on-chain data from analytics
Bitcoin (BTC) is a digital currency created in 2009 by an unknown person using the alias Satoshi Nakamoto. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a publicly distributed ledger called a blockchain

The government of Bhutan moved part of its Bitcoin reserves again this week, transferring 175 BTC worth approximately $11.85 million, according to on-chain data from analytics

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