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Small Nation’s Bitcoin Holdings Surpass $1 Billion Amid Market Surge

12.11.2024 11:30 1 min. read Alexander Stefanov
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Small Nation’s Bitcoin Holdings Surpass $1 Billion Amid Market Surge

With Bitcoin surging close to $90,000, early adopters of the cryptocurrency are seeing major returns on their investments.

Among them, the government of Bhutan has taken a prominent position, ramping up its Bitcoin strategy to secure significant gains. Leveraging the economic potential of BTC, Bhutan has quietly built up a reserve now valued at over $1 billion, according to Arkham Intelligence.

Originally motivated by the economic challenges following COVID-19, Bhutan transitioned surplus energy into Bitcoin mining, effectively turning a crisis into an opportunity.

Druk Holdings, the state-owned entity responsible for managing these assets, holds approximately 12,568 BTC, establishing Bhutan as one of the leading national holders of Bitcoin.

Bhutan’s diversified holdings also include 656 Ethereum, valued at over $2 million, and smaller amounts of other tokens. Though bullish on Bitcoin, the country doesn’t solely hold its assets—data reveals periodic sales from Bhutan’s BTC reserves, showing an active strategy to balance growth with liquidity.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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