Bhutan holds 13,011 Bitcoins from mining operations.
Bhutan is now the fourth-largest government in Bitcoin holdings.
The small South Asian nation of Bhutan now ranks as the fourth-largest government in terms of Bitcoin holdings. The country holds a total of 13,011 Bitcoins, valued at approximately $780.49 million. These holdings were revealed through Arkham’s platform, which publicly identified the addresses for the first time.
Unlike most governments, Bhutan’s Bitcoin does not originate from law enforcement asset seizures. Instead, these holdings are the result of Bitcoin mining operations. Moreover, the mining activities are managed by Druk Holdings, the investment arm of the Bhutanese government. Consequently, this approach highlights a unique strategy in Bitcoin accumulation.
Bhutan operates several mining facilities across various locations. For instance, the largest facility is situated at the now-defunct Education City project. Additionally, Arkham verified the
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