Bhutan Has $780m In Bitcoin – Report

Freya Deyell, ReadWriteWeb
Tue, 09/17/2024 - 6:36am

Bhutan, a small, landlocked South Asian country between China and India, is one of the top nation-state Bitcoin holders globally according to a new report. With a population of less than 800,000 people, this Buddhist country has 13,011 Bitcoin (BTC), worth around $780 million. Analysts at blockchain intelligence firm Arkham say this makes it the fourth-largest government BTC holding on their platform. This is more than double that of El Salvador in Central America which has 5,875 BTC worth $331 million. Where did Bhutan’s Bitcoin come from? Bhutan’s holdings are particularly unique as they have been gained directly from mining operations.

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