Topic: Government of Bhutan Holds $828M in Bitcoin. (Read 42 times)
Such a small country jumping into Bitcoin is interesting, and a good news. It really underlined the strategic shift toward holding $828 million in Bitcoin, mainly from their mining operations. That wasn't due to seizures of the assets, as some governments do, but large-scale mining that really ramped up in early 2023. By using Bitcoin, Bhutan should be able to broaden its traditionally single-industry economy, which depends on hydropower. Their strategy could easily become a model for other small nations willing to enter the crypto world.
Bhutan holds BTC. OK, but so what? Almost all the countries around the world are holding seized Bitcoins. Some small and underdeveloped countries like Bhutan and El Salvador are investing in Bitcoin, but that doesn't mean that Bitcoin will be widely accepted as an investment opportunity for most governments around the world. There's no point of writing forum posts about "Country A having X amount of Bitcoins", unless you want to boost your post count. 
I would be really surprised of news about China and India investing in BTC. Nobody cares about countries like Bhutan.
I would be really surprised of news about China and India investing in BTC. Nobody cares about countries like Bhutan. 
Bhutan is a small country with 800,000 inhabitants, but it looks like they have understood that bitcoin is important for them. I think there are many more countries that own bitcoin and dont publicize it. El Salvador will always be the number one country that has decided to do this and so far they are successful with it and I think in 2025 they will be even more successful. Many other countries will see this and discuss to buy bitcoin. Bhutan has made it right now, very well.
And if I'm not mistaken, they hold more than El Salvador, so the government of Bhutan is under the radar for many years. And that is something that their government should be proud of, as it could mean 25% of the country's GDP.
And if you can see, they have a diversified portfolio. So along the way, the government of Bhutan knows something that other government is the world doesn't, and that is to stack as much Bitcoin and other crypto as they can.
And if you can see, they have a diversified portfolio. So along the way, the government of Bhutan knows something that other government is the world doesn't, and that is to stack as much Bitcoin and other crypto as they can.
For a landlocked country that depends on agriculture and aid to survive, Bitcoin mining is a good means of diversification of its economy. It has a surplus power generation that is even exported to India, which means that Bitcoin mining is a good option. Not selling the coins they have mined might be an indication that they have the long-term knowledge of investing in the sector. The Kingdom of Bhutan might not be a big country, but it is a plus to the Bitcoin ecosystem to see nations that are genuinely investing instead of waiting for seizures.
News like this is good news, the pity is that it is such a small country. Any medium-sized European city has more GDP than this country. Although it is logical that the pro bitcoin movement starts in small countries like El Salvador or Bhutan. Hopefully larger countries will join in over time, perhaps soon the USA.
I believe in the philosophy that says, Rome was not built over night and that big steps begin with small moves and that is why I am always very happy and excited to hear about news like this. When countries were being colonized, it didn't necessarily begin with the big country but small and medium sized countries, before they gradually take over bigger countries.El-Salvador is one of the countries who have participated well in the adoption of Bitcoin technology in its country's financial institutions. Now, imagine if Putin finally gets to implement its announcement to adopt Bitcoin for its international trades and if Bitcoin also get favored by Donald Trump when he assumes the office as the presidet of the United States of America, what will you think about bitcoin by then?
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News like this is good news, the pity is that it is such a small country. Any medium-sized European city has more GDP than this country. Although it is logical that the pro bitcoin movement starts in small countries like El Salvador or Bhutan. Hopefully larger countries will join in over time, perhaps soon the USA.
The government of Bhutan currently holds $828 million in bitcoins.
A small country located in the eastern Himalayas with a population of less than 800,000. This country's government currently holds over $828 million in BTC.
"Bhutan has built bitcoin mining facilities in multiple locations, the largest of which is at the site of the now-defunct Education City project," Arkham Intelligence said.
Arkham also said the crypto intelligence firm explained that it was able to confirm the activity by reviewing satellite imagery and matching the timeline of onchain mining operations. "We were able to support the timeline of on-chain mining activity with time-lapse satellite images of the facility's construction," unlike most governments, Bhutan's BTC law enforcement does not come from seizing assets, but from bitcoin mining operations, which have dramatically increased since early 2023 increased.
News link:
1) https://news.bitcoin.com/government-of-bhutan-holds-828m-in-bitcoin-arkham-data-shows/
2) https://www.aicoin.com/en/article/419903
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