Arkham noticed that Bhutan moves his BTC as part of blockchain. Will the bitcoin course fall through this little -known country?
Bitcoin course will fall through Bhutan?
Arkham, dealing with block chain analysis, noticed that Bhutan has moved just over 720 million USD over the past few days. The trial started last Thursday. Bitcoins went to the Binance stock exchange. After the weekend, the shipping was continued. BTC worth USD 113 million went to an anonymous address on the web.
About 10.5 thousand remain in the portfolio of the Holdings Druk, the Investment Agency of the Bhutan Government. Btc. Currently, the country ranks 5th place on the list of countries that have BTC, placing between Ukraine (just over 46,000 BTC) and the El Salvador with over 6,000 BTC. It is worth adding, however, that Bhutan understands better than other countries that money likes silence. The kingdom has quietly gathered BTC since 2017. This contrasts with the Salvador strategy, which announced the start of his bitcoin strategy with a large pump.
Bhutan also has ETH worth about USD 2 million and a number of other tokens.
The country has also created a special administrative region – Gelephu Mindfulness City (GMC), which aims to “create a lively economic center by ensuring a favorable business environment.”
Country of miners
Bhutan was to start implementing his bitcoin policy in 2017. In 2019, as confirmed in 2024, the officials of this country began to dig BTC with the help of water energy. In the spring of 2023, cooperation with Bitdeer was established to develop a Bitcoin digging process neutral in terms of carbon dioxide. In April 2024, improvements were presented to increase the mining power of the local mine by 500 megawatts to the first half of 2025, increasing the total capacity to 600 MW.
Currently, Bhutan has already followed, among others The United States, which since this year has a crypto reservoir, which, however, cannot be supplemented by law in an active manner. It only contains cryptocurrencies taken over by criminals.
