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Bhutan, bitcoin
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, 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 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 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 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.
8h
on MSN
Max Keiser Says El Salvador 'Needs To Step It Up' As Bhutan's Bitcoin Adoption Astonishes Crypto Market
While debate around the U.S. government's Bitcoin (CRYPTO: BTC) holdings continues and El Salvador's pioneering embrace hogs ...
4d
on MSN
Bhutan’s $750M revenue from Bitcoin mining sets model for developing nations
Smaller nations can feel the effects of Bitcoin on their treasuries much faster than larger countries, whether by buying BTC ...
ABP Live on MSN
2h
As Bitcoin Booms Once Again, Here’s How US Fed Rate Cuts Can Supplement Crypto’s Future
By Roshan Aslam As the US Federal Reserve chair announced a 50 bps rate cut for the first time since 2020, the global Bitcoin ...
AMBCrypto
5d
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 ...
4d
on MSN
Chinese Tether laundromat, Bhutan enjoys recent Bitcoin boost: Asia Express
A Chinese USDT trading studio laundered crypto tied to illegal online gambling and telecom scams, and Bhutan was revealed as ...
Investing
3h
Bitcoin (BTC) positive news could spark next price surge
It’s been a while in coming, and many investors have likely been shaken out over the last six months, but the next price ...
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