"The kingdom might be more accustomed to making the travel pages for its bucolic landscapes and Buddhist monasteries, but it has now leapt to the forefront of the cryptosphere after the firm Arkham Intelligence revealed that the state-owned conglomerate Druk Holdings owns 13,011 bitcoins, slightly more than double the amount declared by El Salvador's Nayib Bukele."
"This stash is valued at about $780 million, which for a population of about 780,000 inhabitants represents $1,000 in bitcoins per citizen. Arkham explains that this small fortune comes from bitcoin mining operations carried out by Bhutan's investment arm."
"Unlike most governments, Bhutan's bitcoins come not from law enforcement seizure of assets, but from bitcoin mining operations, which have increased dramatically since early 2023, states Arkham. Bhutan now ranks fourth among those countries with the most bitcoins."
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