Government of Bhutan Holds $828M in Bitcoin, Arkham Data Shows.
The government of Bhutan is currently holding over $828 million in bitcoin, according to onchain data by Arkham Intelligence. “Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically since early 2023,” the crypto intelligence firm explained.
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Bhutan's substantial Bitcoin holdings have primarily been acquired through extensive mining operations. The country's unique geographical advantages, particularly its abundant hydropower resources, have enabled it to mine Bitcoin efficiently and sustainably. This approach not only contributes to the national economy but also serves as a model for other developing nations looking to leverage cryptocurrency for economic growth.
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