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The Royal Government of Bhutan (Druk Holdings) has discreetly transferred approximately 600 bitcoin—equivalent to $52 million at prevailing BTC exchange rates—in a recent fiscal maneuver. Fourth Largest Nation State Bitcoin Holder Bhutan Moves $52M According to Arkham Intelligence data, the monarchy relocated 600 BTC on Monday, March 25, marking its first such action since mid-February, … Read more
Bhutan has quietly amassed nearly $1 billion in bitcoin reserves through sustainable hydroelectric mining, using the cryptocurrency to fund public services and positioning it as a strategic financial model for nations grappling with economic instability. How a Himalayan Kingdom Turned Bitcoin Into a Tool for Fiscal Resilience In a bold fusion of environmental stewardship and … Read more
A recent action that has drawn the focus of the cryptocurrency world occurred when the Royal Government of Bhutan transferred a notable 751.31 BTC, approximately $74.15 million, to three new wallets. This move comes on the heels of earlier transfers and, like those, serves to deepen the shroud of mystery around Bhutan’s use of Bitcoin. … Read more
This morning, the Royal Government of Bhutan shifted $66.55 million worth of bitcoin (BTC) to Binance, according to onchain data. $66M in Bitcoin on the Move – Bhutan’s Government’s Crypto Strategy Unfolds The BTC transfer, initiated from Bhutan’s government-linked crypto wallets, comes as the world’s most popular cryptocurrency approaches its peak valuation. Arkham Intelligence disclosed … Read more
The government of Bhutan is currently holding over $828 million in bitcoin, according to onchain data by Arkham Intelligence. “Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically since early 2023,” the crypto intelligence firm explained. Bhutan Revealed as a Major … Read more
Bhutan’s experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies. Go to Source
Bhutan’s investment arm, Druk Holdings, holds more than 13,000 BTC, which is more than double El Salvador’s stash. Go to Source
The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support similar use cases. The pilot test will include retail, cross-border and wholesale payments for … Read more
The company claimed its CBDC solution would allow Bhutan’s central bank to deploy a digital ngultrum “without compromising financial stability or monetary policy objectives.” Go to Source Powered by WPeMatico
