Bhutan's Bitcoin Reserves Valued at $1.3 Billion, Comprising 40% of GDP

According to Foresight News, The Wall Street Journal reports that Bhutan's Bitcoin reserves are currently valued at approximately $1.3 billion, making up nearly 40% of the country's GDP. Bhutan intends to hold these reserves for the long term. While the government does not plan to construct new mining facilities, it aims to upgrade existing ones. Bhutan began utilizing hydropower for Bitcoin mining in 2020 and now ranks third in government-held Bitcoin reserves.