Over time, Bhutan has quietly built up a whopping 13,011 Bitcoin, which is currently worth around $780 million.
That’s almost $1 billion. Let’s explore more about this important news for Bitcoin holders like Bhutan.
Bhutan Quietly Accumulates 13,000 Bitcoin
Bhutan is a small country in South Asia, nestled between India and China. It’s known for its beautiful mountains and peaceful way of life. Even though Bhutan is small and quiet, it has been making big moves in the world of cryptocurrency.
Bhutan’s government has been quietly buying Bitcoin as part of its plan to invest in the future. Just like how some people save gold or money in the bank, Bhutan is betting on Bitcoin. They believe that having this digital currency will help the country grow and become wealthier over time.
BREAKING: BHUTAN GOVERNMENT’S $750M BTC NOW ON ARKHAM
Bhutan’s Bitcoin holdings are now labeled on Arkham. These holdings come from Bitcoin mining operations carried out by the Kingdom of Bhutan’s investment arm, Druk Holdings.
Arkham is the first to publicly identify these… pic.twitter.com/a8ScUNJJ9F
— Arkham (@ArkhamIntel) September 16, 2024
You know what they say: “Don’t put all your eggs in one basket.” Bhutan is making sure it doesn’t rely only on traditional ways of making money, like farming or tourism. By collecting BTC, they’re diversifying—spreading out their investments to prepare for the future. You can track Bhutan’s Bitcoin here.
More About Bhutan and Bitcoin
Bhutan stands as the fourth largest government holder of Bitcoin on our platform, boasting over $750 million in BTC. Unlike many governments that acquire BTC through law enforcement asset seizures, Bhutan’s impressive holdings are the result of its own Bitcoin mining operations, which have surged significantly since early 2023.
Bhutan is the 4th largest government with Bitcoin holdings on our platform, with over $750M in BTC.
Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from Bitcoin mining operations, which have ramped up dramatically since early 2023. pic.twitter.com/5bCRk9ajti
— Arkham (@ArkhamIntel) September 16, 2024
The country has established several mining facilities, with the most notable being on the site of the former Education City project. This strategic move has allowed Bhutan to amass a substantial BTC reserve, setting it apart from other government investors.
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