[DO YOU KNOW] $BTC
Bhutan, a small Himalayan nation, has emerged as a significant player in the cryptocurrency world by amassing substantial Bitcoin holdings. As of September 2024, Bhutan's government-owned Druk Holdings possesses over 13,000 Bitcoins, valued at approximately $780 million. This amount represents nearly one-third of the country's Gross Domestic Product (GDP), which stands at around $3 billion.

The Kingdom's venture into Bitcoin began around 2019, leveraging its abundant hydroelectric resources to power mining operations. This strategic move not only capitalizes on Bhutan's renewable energy capabilities but also diversifies its economy beyond traditional sectors like hydropower, tourism, and agriculture.

In partnership with Bitdeer, a Singapore-based mining company, Bhutan plans to expand its mining capacity to 600 megawatts by 2025, up from the current 100 megawatts. This expansion underscores Bhutan's commitment to integrating digital assets into its economic framework.

By embracing Bitcoin mining, Bhutan demonstrates a forward-thinking approach to economic development, utilizing its natural resources to engage with emerging technologies and global financial trends.