Bhutan Stashes $780M in Bitcoin Worth One-Third of Its GDP

Sep 17, 2024 · The tiny nation has amassed over $780 million in Bitcoin (BTC-USD), making it one of the largest state-owned holders of the digital currency in the world. This substantial …

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Bhutan Stashes $780M In Bitcoin Worth One-Third Of Its GDP

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Sep 17, 2024 · The tiny nation has amassed over $780 million in Bitcoin (BTC-USD), making it one of the largest state-owned holders of the digital currency in the world. This substantial …

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Bitcoin Mining Projects Pocket Bhutan A Cool $780 Million

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Sep 17, 2024 · Bhutan, a Himalayan nation with fewer than 1 million people, has accumulated over $780 million in bitcoin, representing nearly a third of its GDP, through mining operations …

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Bhutan’s Bitcoin Holdings Revealed: Kingdom Owns $780M In BTC …

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Sep 16, 2024 · Bhutan’s growing Bitcoin empire revealed, with over $780 million in BTC acquired through extensive mining operations powered by the nation’s renewable energy resources. …

bitcoinmagazine.com

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Bhutan Reveals $780M Bitcoin Stash From State-Funded Mining

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Sep 17, 2024 · Bhutan, known for its serene landscapes, rich cultural heritage, and commitment to environmental preservation, has now added another feather to its cap – a massive Bitcoin …

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Bhutan, Tiny Country With $3B GDP, Holds Over $780M In Bitcoin

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Sep 17, 2024 · BTC-USD. Bhutan, a Himalayan nation with fewer than 1 million people, has accumulated over $780 million in bitcoin, representing nearly a third of its GDP, through …

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Bhutan, Tiny Country With $3B GDP, Holds Over $780M In Bitcoin

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Updated Sep 17, 2024, 8:34 a.m. Published Sep 17, 2024, 8:32 a.m. Bhutan, a Himalayan nation with fewer than 1 million people, has accumulated over $780 million in bitcoin, representing …

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Bhutan Holds $780M Bitcoin Acquired Via Stated-Funded Mining

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Sep 16, 2024 · Major Holdings Identified: Bhutan holds 13,011 BTC, valued at around $780.49M, according to Arkham Intelligence — the 4th largest government holdings identified by Arkham. …

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Bitcoin And The Himalayas: How Bhutan Became A Crypto …

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Sep 18, 2024 · The tiny Himalayan kingdom of Bhutan has quietly amassed an eye-popping stash of 13,011 Bitcoin (BTC) worth over $780 million—almost one-third of its entire gross domestic …

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New Crypto-state Emerges In The Himalayas: Bhutan Has Twice As …

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Sep 30, 2024 · At current prices, this stash is valued at about $780 million, which for a population of about 780,000 inhabitants represents $1,000 in bitcoins per citizen. Arkham explains that …

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Bhutan Holds $780M In Bitcoin From Mining Operations

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Sep 16, 2024 · Bhutan, a small Himalayan kingdom, holds 13,011 Bitcoin (BTC) worth approximately $780.49 million, according to a report by Arkham Intelligence. The report marks …

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Bhutan Stashes $780M In Bitcoin Worth One-Third Of Its GDP - MSN

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The tiny nation has amassed over $780 million in Bitcoin , making it one of the largest state-owned holders of the digital currency in the world. This substantial stash represents nearly one …

msn.com

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How Bhutan Became A Major Crypto Player, Surpassing El …

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Oct 4, 2024 · Bhutan, one of the smallest countries in the world, has reportedly built a $780M Bitcoin stash, outpacing El Salvador’s holdings, using its vast hydropower to fuel crypto mining …

cryptoglobe.com

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How Bhutan Quietly Built $750 Million In Bitcoin Holdings - Forbes

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Sep 17, 2024 · Bitcoin has become a significant part of Bhutan's economy. Blockchain intelligence firm Arkham revealed on September 16, 2024, that Bhutan's bitcoin holdings have reached …

forbes.com

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Bhutan’s Government Reveals Transparent Bitcoin Holdings - MSN

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The state’s investment arm, Druk Holding, created a joint fund with Bitdeer, investing $500M in mining operations. The Government of Bhutan used the now-abandoned Education City …

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Bhutan Government Holds Over $700m Worth Of Bitcoin From …

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Sep 18, 2024 · The Kingdom of Bhutan, a landlocked small sovereign state in South Asia, holds more Bitcoin than El Salvador, and the massive treasury didn't come from seizures or …

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The Secret Locations Of Bhutan's Royal Bitcoin Mines - Forbes

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Nov 22, 2023 · DHI, which oversees Bhutan’s bitcoin operations, told local newspaper The Bhutanese that it “entered the mining space” when the cryptocurrency’s price was $5,000 (it …

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Bhutan Gov’t Moves $66M Of Bitcoin Stash To Binance As Price Tops …

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Oct 29, 2024 · Bitcoin mining funded a 50% salary increase for public servants in Bhutan. Bitcoin mining has become a significant part of Bhutan’s economy, with its Bitcoin reserves …

cointelegraph.com

FAQs about Bhutan Stashes $780M in Bitcoin Worth One-Third of Its GDP Coupon?

How much bitcoin has Bhutan mined?

Tiny nation state Bhutan has mined 13,011 Bitcoin (BTC) worth over $780 million—almost one-third of its entire gross domestic product (GDP). The tiny Himalayan kingdom of Bhutan has quietly amassed an eye-popping stash of 13,011 Bitcoin (BTC) worth over $780 million—almost one-third of its entire gross domestic product (GDP). ...

Where does Bhutan's bitcoin come from?

On Sept. 16, onchain analytics platform Arkham Intelligence pointed to a group of addresses holding 13,029 BTC (around $758 million), claiming it is the first to publicly identify Bhutan’s Bitcoin holdings. It added that these holdings come from Bitcoin mining operations carried out by the Kingdom of Bhutan’s investment arm, Druk Holdings (DHI). ...

Who owns Bhutan's bitcoin?

At the time, the blockchain analysis leader revealed that Bhutan's Bitcoin holdings were from its BTC mining operations that were being carried out by the government's investment arm, Druk Holdings. In September, the wallet's Bitcoin holdings were worth over $700 million. ...

How much is Bhutan's bitcoin stash worth?

According to on-chain data from the wallet linked to the Bhutan government by blockchain analytics firm Arkham Intelligence, the small sovereign state's BTC stash is now worth over $1 billion. There are other altcoins on the wallet, including Ethereum (ETH) and BNB. The wallet also holds various altcoins, but its Bitcoin stash stands out. ...

Will Bhutan sell bitcoin on the world's largest cryptocurrency exchange?

Bhutan’s government has started moving its quietly accumulated Bitcoin holdings as the price soared above the key $70,000 level. The Bhutan government-labeled wallet transferred over $66 million worth of Bitcoin (BTC) to a Binance deposit wallet, suggesting that it intends to sell the BTC on the world’s largest cryptocurrency exchange. ...

Are there Secret Bitcoin mining sites in Bhutan?

Forbes said it had identified the sites of four secret, state-owned Bitcoin mining facilities in Bhutan. The publication used satellite imagery to identify the sites. El Salvador is the only other country known to operate state-owned Bitcoin mining facilities. ...