Crypto Daily – Bhutan has accumulated $780 million worth of through its renewable energy-powered mining operations, placing it among the top government holders of the cryptocurrency.
Arkham’s Revelation
The Kingdom of Bhutan, a small mountain nation with a GDP of approximately $3 billion, has amassed Bitcoin (BTC) worth $780 million. Unlike many other governments, Bhutan’s BTC holdings are derived entirely from its mining operations, which utilize the country’s renewable energy resources.
The matter was first highlighted and reported by blockchain data analytics firm Arkham, which pointed out that Bhutan holds 13,011 BTC, valued at approximately $780.49 million at the current market rate. This places Bhutan in fourth place among governments with the largest Bitcoin reserves, surpassing countries like El Salvador, which holds only 5,875 BTC.
Mining Operations in Bhutan
Bhutan’s BTC accumulation is unique because it does not stem from asset seizures…
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