News View Non-AMP

Bhutan Emerges as 4th Largest Bitcoin-Holding Government with $780 Million in BTC

Published by
Zameer Attar

Bhutan, the world’s 90th largest economy, owns 13,011 Bitcoin (BTC), worth $780.5 million, as revealed by the on-chain analytics firm Arkham Intelligence. The Bhutan Government’s Bitcoin holding and the disclosure of its address are now gaining significant attention from the crypto community across the globe.

Bhutan Bitcoin Holding

According to the data, this massive BTC holding does not come from seizing assets through law enforcement but rather comes from the Bitcoin mining operations carried out by the Kingdom Bhutan’s investment arm, Druk Holding. With this significant holding, Bhutan is not the 4th largest government with Bitcoin Holdings, totaling over $750 million. The country’s mining effort has significantly jumped since early 2023. 

Arkham in his post on X (previously Twitter) noted,

“Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from Bitcoin mining operations, which have ramped up dramatically since early 2023.”

Bitcoin and Crypto Adoption in Bhutan

This disclosure highlights the country’s adaptation and confidence in Bitcoin as well as this rapidly evolving cryptocurrency landscape. According to the data, the average cost of this notable holding appears to be $59,987.

Bhutan’s Eco-Friendly Bitcoin Mining Operation

However, in mid-2023, Druk Holding partnered with Bitdeer to develop a 100% carbon-free Bitcoin mining activity in Bhutan. According to data, Bhutan is leveraging its abundant hydropower resources to support eco-friendly Bitcoin Mining. Additionally, this partnership has increased the mining capacity from 100 to 600 megawatts, driven by its ideal eco-friendly approach and geographical advantages.

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Recent Posts

Tether Could Lose Its #3 Crypto Spot to XRP – Here’s Why

There’s a storm brewing in the crypto markets, but where you least expect it!  While…

April 29, 2025

Cardone Capital Eyes Bitcoin with Over 1,000 BTC Purchase Plan

Cardone Capital, a real estate investment firm managing $5 billion in assets, is set to…

April 29, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . ADA coin price could…

April 29, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

April 29, 2025

Celsius Scam News: CEO Alex Mashinsky to Face 20 Years in Prison

Alex Mashinsky, once hailed as a pioneer in the crypto lending world, is about to…

April 29, 2025

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana coin price could reach a potential high…

April 29, 2025