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The Government of Bhutan Nears $1 Billion In BTC Holdings!

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The post The Government of Bhutan Nears $1 Billion In BTC Holdings! appeared first on Coinpedia Fintech News

Bhutan has emerged as an unexpected yet powerful player in the world of cryptocurrencies. The Kingdom of Bhutan now holds 13,380 Bitcoin valued at $909 million, about 30% of Bhutan’s GDP. Bhutan chose a more proactive approach by investing directly in Bitcoin mining, which aligns with its broader strategy to diversify its revenue streams. Bhutan is now the fourth largest government holder of Bitcoin globally. Bhutan embracing BTC mining reflects a broader trend among nations seeking alternative sources of income. 

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