Bhutan Amasses World’s Third Largest Bitcoin Reserve
- Bhutan holds over 13,000 Bitcoin which is equivalent to 40% of GDP
- The country’s reserves were not seized or purchased but mined
- Bhutan uses its abundant hydropower (running entirely on clean energy) to mine Bitcoin
Bhutan now holds over 13,000 Bitcoin (approximately $1.3 billion), equivalent to 40% of GDP, making it the third-largest government-owned Bitcoin reserve globally after the USA and the UK. This ranking is based on sovereign-held Bitcoin reserves, where the state actively manages and declares its holdings.
What’s even more impressive about this is that Bhutan’s reserves were not seized or purchased but mined, which distinguishes them from other countries’ holdings.
How Did Bhutan Build Its Bitcoin Reserve?
The country began Bitcoin mining in late 2020, using two small units installed by Druk Holding & Investments (DHI) near Dochula Pass. The initial team learned from online resources and even assembled hardware themselves during a pandemic-induced border closure.
By 2022, Bhutan had operationalized four government mines, scaling up to at least six sites by 2025, often under wraps to protect security.
Interestingly, this South …
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Bhutan Amasses World’s Third Largest Bitcoin Reserve
- Bhutan holds over 13,000 Bitcoin which is equivalent to 40% of GDP
- The country’s reserves were not seized or purchased but mined
- Bhutan uses its abundant hydropower (running entirely on clean energy) to mine Bitcoin
Bhutan now holds over 13,000 Bitcoin (approximately $1.3 billion), equivalent to 40% of GDP, making it the third-largest government-owned Bitcoin reserve globally after the USA and the UK. This ranking is based on sovereign-held Bitcoin reserves, where the state actively manages and declares its holdings.
What’s even more impressive about this is that Bhutan’s reserves were not seized or purchased but mined, which distinguishes them from other countries’ holdings.
How Did Bhutan Build Its Bitcoin Reserve?
The country began Bitcoin mining in late 2020, using two small units installed by Druk Holding & Investments (DHI) near Dochula Pass. The initial team learned from online resources and even assembled hardware themselves during a pandemic-induced border closure.
By 2022, Bhutan had operationalized four government mines, scaling up to at least six sites by 2025, often under wraps to protect security.
Interestingly, this South …
The post Bhutan Amasses World’s Third Largest Bitcoin Reserve appeared first on Coin Edition.
Read More