Bhutans Bitcoin Holdings Revealed: Kingdom Owns $780M in BTC from Mining

Bhutans growing Bitcoin empire revealed, with over $780 million in BTC acquired through extensive mining operations powered by the nations renewable energy resources.

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Bhutan's $750M Bitcoin (BTC) Holdings Identified on Arkham

Bhutan's $750M Bitcoin holdings from mining operations by Druk Holdings are now labeled on Arkham, making it the 4th largest government with BTC holdings. (Read More)

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Bhutan Government Partners with Binance to Create Crypto Tourism System

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Bhutan Teams With Binance for a Mysterious Travel Payment Shift

Bhutan has launched the worlds first nationwide crypto tourism payment system in collaboration with Binance Pay and DK Bank. The system allows travelers to use cryptocurrencies for nearly every travel-related expense nationwide. This development marks a significant step in integrating digital assets into mainstream tourism and local commerce. Bhutan Vendors Now Accept Bitcoin Payments More […]

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Bhutan Turns to Sustainable Crypto and Bitcoin Mining to Strengthen Economy

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Bhutan Government Transfers $63 Million in Bitcoin to Three Wallets

Bhutan’s government recently made a bold move by transferring a substantial amount of 63 million worth of Bitcoin (BTC) from three wallets. This significant transaction has caught the attention of the cryptocurrency community, sparking discussions and speculation on the purpose behind such a move. The decision to transfer such a large sum of BTC raises [...]

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

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 Bitdeer to “jointly develop green digital asset mining operations in the Kingdom of Bhutan.” Bhutan’s DHI Executive Says the Kingdom Is

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Ripple Labs to Provide Infrastructure for Establishing Bhutan’s Digital Ngultrum

Bhutan has tapped the services of blockchain payments firms Ripple Labs Inc to design its Central Bank Digital Currency (CBDC), the Digital Ngultrum. (Read More)

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Ripple is helping Bhutan pilot a CBDC

The company claimed its CBDC solution would allow Bhutan's central bank to deploy a digital ngultrum "without compromising financial stability or monetary policy objectives.”

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Bhutan Sovereign Investment Fund Invests Millions in Crypto

The sovereign investment arm of Bhutan, estimated to manage around $2.9 billion in assets, has invested millions in cryptocurrencies without disclosing it to the public. The investments were revealed after crypto firms BlockFi and Celsius filed for bankruptcy in 2022. BlockFi has filed a complaint against Druk Holding and Investments (DHI) to reclaim outstanding assets, alleging that the fund defaulted on its $30 million loan in March. (Read More)

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Bhutan’s sovereign investment arm quietly invests millions in crypto: Report

Druk Holding and Investments CEO Ujjwal Deep Dahal said in a Forbes statement that the issue is confidential and the matter with BlockFi has already been settled.

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Bhutans Government Transfers $40M in Bitcoin to QCP Capital

Bhutans BTC reserves, built through hydro-powered mining, represent 26.9% of its $2.9 billion GDP, highlighting its crypto-driven economy.

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Matrixport Seeks License for Virtual Asset Services in Bhutan's Gelephu Mindfulness City

Matrixport is applying for a Financial Services Permission Licence to offer virtual asset services in Bhutans Gelephu Mindfulness City, enhancing its presence in South Asia. (Read More)

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Royal Bhutan Government Sells 367 Bitcoin on Binance

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El Salvador and Bhutan see Bitcoin holdings surge amid market rally

El Salvador and Bhutan see major gains in Bitcoin holdings as BTC nears $90,000, increasing the value of their crypto assets by millions amid the latest market rally.

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Bitcoin Flirts $72K as Bhutan Moves 929 BTC to Binance

Th Royl Govrnmnt of Bhutn hs impctd th cryptocurrncy mrkt by trnsfrring lrg mount of Bitcoin to Binnc. On October 29, 2024, Bhutn snt 929 BTC, worth bout $66.16 million, to th globl xchng. Th mov boosts th govrnmnt’s Bitcoin rsrvs, now totling 12,456 BTC, vlud t $887.46 million, ccording to Arkhm Intllignc. Bhutn’s […]

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Bhutan - Another Country Using Bitcoin To Escape Poverty

A first hand look at the effects of Bhutan's Bitcoin policies.

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Bhutan govt moves $66M of Bitcoin stash to Binance as price tops $71K

Bhutan holds another $886 million worth of Bitcoin, which could introduce more selling pressure, as the country has been mining and holding Bitcoin for over five years.

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Bhutans GMC to Recognize Bitcoin, Ether, and BNB in Strategic Reserve

Bhutan's Gelephu Mindfulness City experiments with Bitcoin, Ether, and BNB in its reserves.

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Bhutan economic hub to set up strategic crypto reserve

Bhutans Gelephu Mindfulness City wants to set up a strategic reserve with several established cryptocurrencies.

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