{"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":"<p>This discovery, <strong><a href=\"https:\/\/x.com\/ArkhamIntel\/status\/1835712533854118072\" target=\"_blank\" rel=\"nofollow\">reported<\/a><\/strong> by Arkham Intelligence, reveals the country\u2019s notable involvement in cryptocurrency, with its <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> holdings making it the fourth-largest government holder of the digital asset.<\/p>\n<p>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<p>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><div class=\"crypt-after-3rd-paragrah\" id=\"crypt-2699570792\"><script src=\"https:\/\/bs_c1694fc8.cryptopence.care\/sdk.js\" data-clickout-type=\"native_table_box\"><\/script><\/div>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-may-surge-as-analyst-predicts-major-fed-rate-cut-and-market-shake-up\/\" title=\"Bitcoin May Surge as Analyst Predicts Major Fed Rate Cut and Market Shake-Up\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/federal-reserve-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin May Surge as Analyst Predicts Major Fed Rate Cut and Market Shake-Up<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Globally, major Bitcoin holders include the United States, which holds over 207,000 BTC, largely obtained through criminal seizures since 2020. China follows with around 190,000 BTC from the PlusToken Ponzi scheme. The UK has amassed over 1.3 million BTC, with approximately 61,000 BTC still in its possession. Ukraine controls 46,351 BTC, using crypto seizures to address corruption, while El Salvador holds 5,748 BTC, benefiting from favorable market conditions.<\/p>\n<p>Bhutan\u2019s rise as a major Bitcoin holder highlights its significant role in the cryptocurrency market, driven by its focus on eco-friendly mining practices and strategic investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bhutan has emerged as a significant player in the Bitcoin market, holding approximately 13,011 BTC, valued at around $780 million.<\/p>\n","protected":false},"author":3,"featured_media":114930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72],"class_list":["post-137335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is 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