According to @lookonchain, wallets attributed to the Royal Government of Bhutan transferred 913 BTC valued at about $107 million to two new addresses on Sept 18, 2025, based on Arkham Intelligence on-chain entity labels for Druk Holding Investments. According to @lookonchain, the tagged entity still holds 9,652 BTC valued at roughly $1.13 billion per Arkham Intelligence data. According to @lookonchain, the movement was to two newly created wallets rather than known exchange deposit addresses, referencing Arkham Intelligence’s entity explorer for Druk Holding Investments.

According to @_RichardTeng, Bhutan is integrating Binance Pay into its economy to attract high-value tourists, with a goal of bringing in 300,000 visitors annually. Binance CEO Richard Teng described the initiative, which has already onboarded over 1,000 merchants, as the "first national crypto payments system" and a move from speculation to infrastructure. For traders, a key development is the Royal Government of Bhutan's recent transfer of 137.245 Bitcoin (BTC), worth approximately $14.77 million, to a Binance exchange wallet, as reported by Arkham Intelligence. This transaction has fueled speculation about potential selling pressure on BTC, which could be a contributing factor to Bitcoin's inability to reach new all-time highs despite significant corporate buying. Bhutan's total crypto holdings are estimated at 11,924 BTC, valued at around $1.28 billion.

According to @lookonchain, Bhutan is integrating Binance Pay to establish a national cryptocurrency payments system aimed at boosting its high-value tourism sector. A tourism representative confirmed that Binance Pay addresses payment friction for international visitors, with tourists already using crypto for local purchases. Binance CEO Richard Teng described the initiative as the "first national crypto payments system," noting that crypto tourists spend nearly three times more than regular tourists, averaging $1,000 per visit, and merchants benefit from instant settlements. The system has already onboarded over 1,000 merchants who can leverage zero transaction fees. DK Bank, a key player in Bhutan's early bitcoin mining operations, is now spearheading this adoption drive, stating that crypto payments are a natural fit with the country's high mobile and QR payment penetration. This real-world adoption by a sovereign nation could serve as a model for others, potentially increasing the utility and value proposition of platforms like Binance and their associated digital assets.

According to @lookonchain, Bhutan is strategically integrating Binance Pay to enhance its tourism sector by targeting high-value crypto travelers. Officials report that over 1,000 merchants have adopted the platform, which solves payment issues for international visitors and offers zero fees with instant settlements. Binance CEO Richard Teng highlighted this as a move from speculation to infrastructure, noting that the average crypto tourist spends around $1,000, nearly triple that of a regular tourist. With local partners like DK Bank spearheading adoption, Bhutan is positioning cryptocurrency as a core industry for economic growth, providing a significant real-world use case for crypto payment systems and potentially boosting the utility of the broader Binance ecosystem.