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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, 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 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,
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.
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’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 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.
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https//beincrypto.com
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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 ...
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Zambian Miners Resist State Taking Bigger Stake in Resources
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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 ...
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