2024-11-21
Bhutan is a small kingdom located in the Himalayas, another record has been set, the county quietly accumulating 12,207 BTC worth 1.16 billion after Bitcoin price reaches $94,690 perBTC. This accounting for roughly 39% of the country's GDP.
https://intel.arkm.com/explorer/entity/druk-holding-investments
Since 2021, Bhutan has been
strategically building its digital asset reserve through Bitcoin mining,
leveraging the country's abundant hydropower resources.
Bhutan's abundant hydropower resources
provide a renewable and low-cost electricity supply, making it an ideal
location for Bitcoin mining, which is notoriously energy-intensive.
Bitcoin mining provides a new revenue
stream that complements Bhutan's existing reliance on hydropower exports,
agriculture, and tourism. By mining and holding Bitcoin, Bhutan can potentially
hedge against economic fluctuations and benefit from the appreciation of
digital assets.
