The Kingdom of Bhutan has emerged as a significant player in the cryptocurrency market, holding substantial amounts of Bitcoin and other digital assets.
Bhutan's Bitcoin Assets
According to Arkham data, Bhutan's government, through Druk Holdings, has accumulated over 12,500 Bitcoins, with a market value exceeding $1 billion. This acquisition reflects the country's increased interest in digital assets as a strategic resource.
Bhutan's Other Crypto Assets
In addition to Bitcoins, Druk Holdings also possesses 656.039 Ethereum, valued at over $2 million, along with other tokens, including 8.889 KIBSHI and 69 million BOBO.
US Plans for Bitcoin Reserves
The US is considering creating a Bitcoin reserve, which may lead to significant changes in its financial policy. This highlights the growing interest of states in digital assets.
Bhutan's investment in Bitcoin demonstrates strategic financial management and strengthens the country's position in the cryptocurrency market.
