Bhutan Reaches $1 Billion in Bitcoin Holdings

New data from Arkham Intelligence revealed on Monday that Bhutan’s Bitcoin holdings have crossed $1 billion, positioning the country among the top holders of cryptocurrency reserves. This growth follows a surge in Bitcoin prices in 2024, which has helped propel the Royal Government of Bhutan’s cryptocurrency reserves to this milestone. The country has actively mined Bitcoin since 2021, a strategy that has allowed it to grow its reserves despite Bitcoin’s price fluctuations. Bhutan mines Bitcoin using hydropower from the Himalayan rivers, which provides energy for its mining operations. This accounts for over 25% of the country’s GDP.

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