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International Business Times
International Business Times
Business
Marvie Basilan

The Real $BTC Country? Bhutan Government's Bitcoin Treasury Passes $1 Billion

Bitcoin Bhutan Mining El Salvador Kingdom Nayib Bukele Arkham Intelligence
Bhutan now has over 12,000 Bitcoins worth more than $1 billion. (Credit: CryptoWallet.com/flickr.com)

KEY POINTS

  • Bhutan's $BTC holdings were worth over $700 million in September
  • Unlike the US and Germany whose holdings are from seizures, Bhutan banks on Bitcoin mining
  • The Kingdom is believed to have constructed four $BTC mines over the years

The Royal Government of Bhutan has continuously been building up its Bitcoin treasury, regardless of the ups and downs of the world's largest cryptocurrency by market value, and its strategy has been paying off.

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