Bhutan, bitcoin
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’s Bitcoin Holdings Revealed: Kingdom Owns $780M in BTC from Mining
Bhutan’s growing Bitcoin empire revealed, with over $780 million in BTC acquired through extensive mining operations powered by the nation’s renewable energy resources.
Bhutan’s Bitcoin Holdings of 13,000 BTC: Twice the Amount Held by El Salvador
Arkham has revealed that Bhutan owns nearly $800 million in Bitcoin through its fully-owned subsidiary, Druk Holdings.
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.
Bhutan’s government reveals transparent Bitcoin holdings
Bhutan quietly became the fourth-largest government to hold BTC. The recently identified wallet contains more than 13K BTC, accrued over a few years of mining.
Bhutan Reveals Fourth-Largest Government Bitcoin Holdings Worth $750M
Recent findings by blockchain analytics firm Arkham Intelligence showed that the Kingdom of Bhutan ranks fourth globally in terms of government holdings of Bitcoin.
Bhutan Becomes 4th Largest Bitcoin Holder Among Governments
Arkham revealed that Bhutan holds twice as much Bitcoin as El Salvador, becoming the 4th largest Bitcoin holder among countries.
How Bhutan Quietly Built $750 Million In Bitcoin Holdings
Blockchain intelligence firm Arkham revealed on September 16, 2024, that Bhutan's bitcoin holdings have reached $750 million. This represents approximately 27.9% of Bhutan's estimated 2023 Gross Domestic Product of $2.
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.
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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 ...
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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 ...
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.
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The Protocol: How Winklevii Taught Dad BTC, Wild Flight to Singapore
"Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from Bitcoin mining ...