CandleFocus The Kingdom of Bhutan Owns Over 13K Bitcoin Worth $905M
2024-10-28
Author: Content Editor
The Kingdom of Bhutan has been quietly accumulating Bitcoin holdings and currently owns 13,380 Bitcoins worth $905 million. The country recently purchased 3.33 Bitcoins and received 7.337 Bitcoins as a mining reward. Bhutan's strategy of using its abundant hydro energy for Bitcoin mining and stacking at the sovereign level has been praised by Bitcoin maximalists and crypto enthusiasts. With a population of 792,000, Bhutan's BTC per capita ratio is approximately $1140, far surpassing other countries like the US and Germany. In addition to Bitcoin, Bhutan also holds 656.039 ETH Ethereum worth $1.63 million. Bhutan's Bitcoin reserve strategy is ambitious and forward-thinking, leveraging its significant hydropower potential to mint digital gold and setting an example for other countries, including India.
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