- Bhutan’s Bitcoin reserves have surpassed $1 billion, placing it among the world’s top government holders of BTC
- The country mines Bitcoin using sustainable hydroelectric power from Himalayan rivers
- Bhutan joins nations like El Salvador in integrating Bitcoin into its national strategy
Imagine a small, mysterious nation in the heart of Asia, holding over a billion dollars in Bitcoin. That’s Bhutan. I think their journey to becoming a top non-private Bitcoin holder is as unexpected as it is fascinating.
New data from Arkham Intelligence reveals that Bhutan’s Bitcoin reserves have now soared past the billion-dollar mark, placing this tiny Himalayan kingdom among the world’s leading state-level BTC holders.
The Enigmatic Land of Bhutan
For those unfamiliar, Bhutan is an enchanting, somewhat isolated country nestled in the towering Himalayas, bordered by China to the north and India on its other sides. It’s one of the most secluded and lesser-known places on Earth—a quality that only adds to its mystical appeal.
Bhutan’s Path to Bitcoin Accumulation
Now, Bhutan’s path to accumulating Bitcoin? This leap follows this year’s Bitcoin price surge, which, in my view, helped the country reach this milestone with the Royal Government of Bhutan’s expanding crypto reserves.
Bhutan has actively mined Bitcoin since 2020, using the hydropower of Himalayan rivers—a bold move, right? This strategy has allowed them to grow their reserves despite BTC’s price swings.
Bhutan’s Status Among Global Bitcoin Holders
So far, Bhutan has mined 13,011 BTC, making it the fourth-largest state Bitcoin holder worldwide. This growth places Bhutan alongside countries like El Salvador, which has also embraced Bitcoin as a core part of its national reserve strategy—and even as legal tender.
Conclusion: Bhutan’s Pioneering Role in State-Level Bitcoin Adoption
In conclusion, Bhutan, this small and intriguing Himalayan nation, shows us how a sustainable mining strategy can make a country a leader in Bitcoin adoption.
With over a billion dollars in reserves, Bhutan continues its path toward a more solid and innovative economic future, standing proudly next to pioneering nations like El Salvador.
