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 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, Tiny Country With $3B GDP, Holds Over $780M in Bitcoin
Bhutan, a Himalayan nation with fewer than 1 million people, has accumulated over $780 million in bitcoin, representing nearly a third of its
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.
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 ...
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As Bitcoin Booms Once Again, Here’s How US Fed Rate Cuts Can Supplement Crypto’s Future
While there is considerable data available in the public domain to understand this concern, what needs to be considered is ...
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 ...
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How Trump’s win in November can snowball BTC to $1m
PlanB, the analyst behind the popular Bitcoin Stock-to-Flow (S2F) model, recently shared a speculative scenario on X, ...
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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 ...
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 ...
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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 ...