Bhutan Accumulates $1.1B in Bitcoin, With 34% of Total GDP!

The post Bhutan Accumulates $1.1B in Bitcoin, With 34% of Total GDP! appeared first on Coinpedia Fintech News

Bhutan, a small Himalayan kingdom, has quietly accumulated $1.1 billion in Bitcoin, holding 34% of its GDP in 13,011 BTC, currently valued at $780.49 million. Since 2021, Bhutan has strategically built its crypto reserves using its abundant hydropower resources for mining. The country recently moved $65 million to Binance, showcasing its active management of assets. With Bitcoin breaking $94K Bhutan is well-positioned to benefit. This approach, centered on long-term planning and natural advantages, might inspire other nations toward greater crypto adoption, especially with the changing global regulatory scenario.

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  • rippleXRP(XRP)$0.521.75%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • cardanoCardano(ADA)$0.260196-0.85%
  • dogecoinDogecoin(DOGE)$0.0631641.33%
  • tronTRON(TRX)$0.0774861.09%
  • polkadotPolkadot(DOT)$4.501.99%
  • litecoinLitecoin(LTC)$65.301.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,065.000.00%
  • bitcoin-cashBitcoin Cash(BCH)$189.59-0.41%
  • uniswapUniswap(UNI)$4.58-0.60%
  • stellarStellar(XLM)$0.1229001.01%
  • moneroMonero(XMR)$141.101.34%
  • aaveAave(AAVE)$56.961.06%
  • havvenSynthetix Network(SNX)$2.06-0.07%
  • tezosTezos(XTZ)$0.701.39%
  • eosEOS(EOS)$0.581.13%
  • theta-tokenTheta Network(THETA)$0.641.26%
  • bitcoin-cash-svBitcoin SV(BSV)$29.94-1.07%
  • nemNEM(XEM)$0.025210-0.32%