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Government of Bhutan Holds Over $825 Million, or Nearly a Third of Its GDP, in Bitcoin, Arkham Data Shows
The government of Bhutan is currently holding over $828 million in bitcoin, according to onchain data by Arkham Intelligence. From a report: "Unlike most governments, Bhutan's BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically...
From a report:"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," the crypto intelligence firm explained. Crypto intelligence firm Arkham highlighted the Kingdom of Bhutan's bitcoin holdings on social media platform X last week. This revelation makes Bhutan one of the few countries globally to run a state-owned bitcoin mine, alongside El Salvador.
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