Bhutan’s Secret Bitcoin Accumulation: Key Facts
Bitcoin Holdings: Bhutan has quietly mined and accumulated approximately 12,062 BTC since 2020, now valued at around $1.3 billion.
Share of GDP: This reserve represents nearly 40% of Bhutan’s national GDP, making it one of the most crypto-exposed economies in the world.
Global Ranking: Bhutan is now the third-largest state holder of Bitcoin, after the United States and China, according to recent data from Arkham Intelligence and other sources.
Mining Strategy: The country leveraged its abundant hydropower resources for environmentally sustainable and cost-effective Bitcoin mining, with operations led by the state-owned Druk Holding & Investments (DHI) and partnerships with firms like Bitdeer.
Economic Impact: Proceeds from Bitcoin have been used to double civil servant salaries and fund development, offsetting losses from declining tourism revenue.
Policy Shift: Bhutan has announced it will now hold its Bitcoin reserves long-term as a strategic asset, rather than liquidating them for government spending.
Additional Context
Bhutan’s approach stands out for its sustainability, as nearly all mining is powered by renewable hydropower, minimizing environmental impact. The nation’s bold crypto strategy is seen as a means to diversify its economy and provide a fiscal cushion amid global economic challenges
