Bhutan’s Bitcoin reserve is valued at $1.1 billion, 34% of its GDP. Bitcoin’s price surge to $93,683.19 significantly boosted Bhutan’s holdings. The Royal Government of Bhutan has strategically accumulated Bitcoin worth over $1.1 billion, representing 34% of the nation’s GDP. This significant holding stems from Bhutan’s innovative use of its vast hydropower resources to mine….
Bhutan made a move by selling 367 Bitcoin (BTC) worth about $33.5 million on Binance. Is Bhutan utilizing the BTC surge? Bhutan has been quietly mining Bitcoin since 2021. Using its hydropower, Bhutan runs low cost, sustainable mining operations and has accumulated over 12,200 BTC, worth about $1.11 billion, making it one of the largest…
November 12, 2024 at 11:35 AM GST updated: November 12, 2024 at 11:29 AM 2 mins read News Bhutan’s $1B Bitcoin reserve showcases a bold diversification strategy for smaller economies. State-held digital assets gain traction as Bhutan joins nations exploring cryptocurrency as strategic reserves. Bhutan’s steady Bitcoin mining signals a strong commitment to digital assets…
This morning, the Royal Government of Bhutan shifted $66.55 million worth of bitcoin (BTC) to Binance, according to onchain data. $66M in Bitcoin on the Move – Bhutan’s Government’s Crypto Strategy Unfolds The BTC transfer, initiated from Bhutan’s government-linked crypto wallets, comes as the world’s most popular cryptocurrency approaches its peak valuation. Arkham Intelligence disclosed…
September 25, 2024 at 07:28 PM GST updated: September 25, 2024 at 07:02 PM 2 mins read News Bhutan boldly holds 13,000 Bitcoins, making it the fourth-largest government holder and showcasing its unique crypto strategy. Utilizing its vast hydropower resources, Bhutan pioneers eco-friendly Bitcoin mining, balancing profits with sustainability. Despite its innovative approach, Bhutan faces…
Bhutan Bitcoin adoption has shocked the crypto world, and this includes our team at Watcher Guru. The small Himalayan nation now holds about one-third of its GDP in Bitcoin, which is incredible! This news has grabbed the attention of crypto experts Max Keiser and Michael Saylor, but everyone is paying attention. Let’s dive right in…
The government of Bhutan is currently holding over $828 million in bitcoin, according to onchain data by Arkham Intelligence. “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,” the crypto intelligence firm explained. Bhutan Revealed as a Major…
The US leads global Bitcoin holdings with $12.16B, primarily from law enforcement seizures. Bhutan leverages BTC mining for income, holding $782.46M in cryptocurrency reserves. Arkham Intelligence has published its newest government Bitcoin holdings leaderboard, which provides an intriguing view of global cryptocurrency strategy among nation-states. The United States leads the pack, with a stunning $12.16…
September 20, 2024 at 01:40 AM GST updated: September 20, 2024 at 12:50 AM 2 mins read News Bhutan’s state owned investment company has claimed that it has invested in 13011 bitcoins, citing government investments in cryptocurrencies. The kingdom’s rulingdom’s decision is in line with the ongoing trend that sees most governments who are looking…
El Salvador continues to add more Bitcoins to its portfolio, raising the total to $349 million. Bukele’s government has been buying one bitcoin every day since November 2022. This strategy has given a 49% return with an unrealized profit of $ 13.26 million. El Salvador Buys Bitcoin Daily, Boosts Reserves to $349M Starting from 2022,…
Bitcoin adoption is gaining traction globally, and South Asia has become the latest country to embrace digital currency. Bhutan, officially known as the Kingdom of Bhutan, is between China and India and has revealed its Bitcoin exposure. Bhutan’s Unique Mining Approach According to Arkham Intelligence, a top blockchain intelligence company, the Bhutan government’s Bitcoin exposure…
After being publicly condemned by governments worldwide, Bitcoin (BTC) emerged as a popular asset. Several nations have developed a new interest in the cryptocurrency sector. While countries like El Salvador have been going all in, a few others, like India, have been taking it fairly slower. Amidst this, a small country with a GDP of…
Blockchain analysts from Arkham have revealed that Bhutan owns nearly $800 million in Bitcoin through its fully owned subsidiary, Druk Holdings. This makes it a bigger BTC owner than the famed El Salvador, and unlike the Caribbean nation, Bhutan doesn’t buy its crypto, it mines it. Bhutan, a tiny mountainous nation in South Asia, owns…
September 17, 2024 at 04:28 PM GST updated: September 17, 2024 at 03:57 PM 2 mins read News Bhutan holds 13,011 BTC worth $750M, becoming the fourth-largest government Bitcoin holder through eco-friendly mining. Bhutan’s Druk Holdings ramps up Bitcoin mining using hydropower, expanding capacity to 500MW by 2025 through Bitdeer partnership. Unlike the US and…
September 17, 2024 at 09:28 AM GST updated: September 17, 2024 at 09:14 AM 2 mins read Bitcoin News Bhutan holds 13,011 BTC, valued at $780 million, sourced from its eco-friendly mining operations, not from asset seizures. Bhutan’s Bitcoin mining is managed by Druk Holding & Investments and uses the country’s hydropower resources for carbon-free…
