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El Salvador's Bitcoin Stash Rises Above $500M, but Bhutan Story Might Be Even Bigger

[Nov 12 6:39 PM] Monday’s bitcoin rally propelled El Salvador and Bhutan’s crypto stashes to $500 million and $1.1 billion respectively.

Bitcoin Profit-Taking Continues as BTC Price Nears High. Is Bhutan Next to Sell?

[Oct 30 9:51 AM] The Royal Government of Bhutan recently deposited almost 1,000 BTC into a Binance deposit address. It holds some $900 million of the asset.

Inside the Royal Government of Bhutan’s Bold $66M Bitcoin Transfer — Strategic or Something More?

[Oct 29 6:30 PM] This morning, the Royal Government of Bhutan shifted $66.55 million worth of bitcoin (BTC) to Binance, according to onchain data. $66M in Bitcoin on the Move – Bhutan’s Government’s Crypto Strategy Unfolds The BTC transfer…

Bhutan - Another Country Using Bitcoin To Escape Poverty

[Oct 29 4:55 PM] Having invested in startups for over twenty years I have deep respect for entrepreneurs trying to build a company. It is so difficult. And more often than not, it doesn’t work out. Developing a whole country, of course, is much more difficult. Many…

Government of Bhutan Holds $828M in Bitcoin, Arkham Data Shows

[Sep 22 1:30 AM] The government of Bhutan is currently holding over $828 million in bitcoin, according to onchain data by Arkham Intelligence. “Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from bitcoin…

Bhutan’s $750M revenue from Bitcoin mining sets model for developing nations

[Sep 20 1:30 PM] Bhutan’s experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies. 

Bhutan, Tiny Country With $3B GDP, Holds Over $780M in Bitcoin

[Sep 17 8:32 AM] Bhutan’s state-owned Druk Holdings touts digital assets as one of its focus investment groups.

Bhutan has twice as much Bitcoin as El Salvador, says Arkham

[Sep 17 6:09 AM] Bhutan’s investment arm, Druk Holdings, holds more than 13,000 BTC, which is more than double El Salvador’s stash. 

Bhutan’s Bitcoin Holdings Revealed: Kingdom Owns $780M in BTC from Mining

[Sep 16 4:42 PM] South Asian country Bhutan, a Buddhist kingdom on the Himalayas’ eastern edge, has been revealed as a major Bitcoin holder, owning 13,011 BTC worth around $780.49 million, according to a report by Arkham Intelligence. The public data company…

The Kingdom of Bhutan’s Business Division Explores Crypto Ventures With Bitdeer Partnership

[May 21, 2023 11:30 PM] A recent report reveals that Druk Holding & Investments (DHI), the business division of Bhutan’s Royal Government, is exploring crypto initiatives to enhance its portfolio expansion. DHI recently teamed up with Singapore-based crypto company…