Bhutan's Bitcoin Holdings Reach $1.1B, Over One-Third of GDP

Nov 22, 2024, 01:04 PM

Bhutan has amassed a significant amount of Bitcoin, with its holdings now valued at over $1.1 billion, representing more than a third of the nation's GDP. The country began mining Bitcoin in April 2019, utilizing its hydroelectric power, and now holds 12,207 BTC. Bhutan's Bitcoin per capita stands at approximately $1,500, significantly higher than El Salvador's $90 per capita, with El Salvador holding $575 million worth of BTC. The kingdom's strategy has been to mine and hold Bitcoin, contributing to its growing crypto fortune.