Bhutan holds over 750 million dollars worth of Bitcoin

According to Arkham's monitoring, Bhutan is the fourth largest government holder of Bitcoin on its platform, holding a total of 13,011 Bitcoins worth approximately $780.49 million. Unlike most governments, Bhutan's Bitcoin does not come from law enforcement asset seizures but from Bitcoin mining operations. Since early 2023, mining operations have surged dramatically. It is reported that Bhutan has built Bitcoin mining facilities in several places, with the largest one located at the site of the now-closed Education City project.