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International Business Times
International Business Times
Business
Marvie Basilan

Bhutan government holds over $700m worth of Bitcoin from mining: Arkham

Arkham Bitcoin Bhutan Mining El Salvador KI Kingdom Arkham Intelligence Crypto South Asia
Bhutan is the real deal -- the small sovereign state has over $700 million worth of Bitcoin, not from seizures or purchases, but from mining. (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

  • Bhutan holds over 8,000 $BTC compared to El Salvador's more than 5,800 Bitcoins
  • The Kingdom has constructed multiple Bitcoin mining sites, as per Arkham
  • Crypto users welcomed the news, noting how the $BTC stash can be transitioned into a sovereign wealth fund

When it comes to governments holding Bitcoin, El Salvador is the most prominent name that comes up. The U.S. also pops up in the conversation, but unlike El Salvador, which has been buying 1 BTC daily, the United States' holdings are from seizures.

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