{"id":137335,"date":"2024-09-17T10:30:46","date_gmt":"2024-09-17T07:30:46","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137335"},"modified":"2024-09-17T00:51:58","modified_gmt":"2024-09-16T21:51:58","slug":"this-surprising-country-emerged-as-major-bitcoin-holder-with-780-million-in-btc","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/this-surprising-country-emerged-as-major-bitcoin-holder-with-780-million-in-btc\/","title":{"rendered":"This Surprising Country Emerged as Major Bitcoin Holder with $780 Million in BTC"},"content":{"rendered":"
This discovery, reported<\/a><\/strong> by Arkham Intelligence, reveals the country\u2019s notable involvement in cryptocurrency, with its Bitcoin<\/a><\/strong> holdings making it the fourth-largest government holder of the digital asset.<\/p>\n Unlike many nations that acquire Bitcoin through law enforcement actions, Bhutan\u2019s substantial reserve has been amassed through its burgeoning Bitcoin mining industry. This sector has seen rapid expansion since early 2023, managed by Bhutan\u2019s investment entity, Druk Holdings. Mining operations are conducted at various locations, including a major site on a former educational project area. These developments have been confirmed through both blockchain data and satellite imagery.<\/p>\n In May 2023, Bhutan partnered with Bitdeer to launch a carbon-neutral Bitcoin mining venture, reflecting its commitment to sustainable practices. Plans are in place to boost their mining capacity significantly, from 100 to 600 megawatts, leveraging the country\u2019s ample hydropower resources.<\/p>