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Bhutan, bitcoin
Bhutan has twice as much Bitcoin as El Salvador, says Arkham
The South Asian country of Bhutan is apparently a major Bitcoin holder with even more of the cryptocurrency than El Salvador. On Sept. 16, onchain analytics platform Arkham Intelligence pointed to a group of addresses holding 13,
Bhutan, Tiny Country With $3B GDP, Holds Over $780M in Bitcoin
Bhutan, nestled in the Himalayas, considers its fewer than 900,000 citizens’ happiness a better measure of the country's well-being than money. It is the second nation after El Salvador to officially hold BTC, in this case as part of the state-owned Druk Holdings fund.
How Bhutan Quietly Built $750 Million In Bitcoin Holdings
As of September 16, 2024, Bhutan's bitcoin holdings have reached $750 million, making it the fourth-largest government holder on Arkham's platform. This positions Bhutan as a significant player in the global cryptocurrency market, especially considering its small population of less than 800,000.
Bhutan government holds over $700m worth of Bitcoin from mining: Arkham
The Kingdom of Bhutan, a landlocked small sovereign state in South Asia, holds more Bitcoin than El Salvador, and the massive treasury didn't come from seizures or purchases, but from mining the world's top digital asset.
Bhutan Stashes $780M in Bitcoin Worth One-Third of Its GDP
Bhutan’s Bitcoin haul comes courtesy of Druk Holdings, the state-owned entity that has been aggressively expanding its mining operations. Through its partnership with mining giant Bitdeer, Druk Holdings has significantly increased its Bitcoin mining capacity.
Bitcoin news: How Bhutan beat El Salvador with 2x BTC reserves
Bhutan surpasses El Salvador in Bitcoin holdings, highlighting diverse national strategies in the rising trend of global crypto adoption.
Bhutan Becomes Fourth-Largest Bitcoin Holder with $780 Million in Holdings
Bhutan, a small Himalayan nation known for its focus on happiness, has quietly emerged as a significant player in the cryptocurrency world. With $780 million worth of Bitcoin, nearly one-third of its GDP,
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on MSN
Bhutan’s $750M revenue from Bitcoin mining sets model for developing nations
The East Himalayan Kingdom of Bhutan is showcasing a powerful example of how developing nations could leverage Bitcoin mining ...
Crypto News Flash
1d
Government Bitcoin Rankings: Surprising Players Emerge in 2024
The US holds $12.16B in Bitcoin, leading global government reserves, while Bhutan actively mines, holding $782.46M in crypto ...
Daily Excelsior
2h
Bhutan owns over 13k Bitcoin worth USD 780 mln
Bhutan on Saturday emerged as the fourth-largest Government holder of Bitcoin globally, owning over 13,011 BTC worth USD ...
https//beincrypto.com
4d
Big-game Bitcoin: MicroStrategy Issues $700 Million Bond to Buy BTC, Bhutan’s Stash Revealed
MicroStrategy’s $700 million bond will fuel its Bitcoin purchases, while Bhutan’s state-backed Bitcoin mining efforts are ...
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