Bhutan Reaches $1 Billion in Bitcoin Holdings - Crypto News
1 day ago · Bhutan surpasses $1B in Bitcoin holdings, leveraging hydropower for mining. New data from Arkham Intelligence revealed on Monday that Bhutan’s Bitcoin holdings have crossed $1 billion, positioning the country among the top holders of cryptocurrency reserves.
Bitcoin Price (BTC) Rally Sends Bhutan Holdings Above $1B
1 day ago · Put another way, the value of Bhutan's bitcoin holdings amounts to more than one-third of the country's GDP of just under $3 billion. El Salvador's $500 million in bitcoin amounts to just 1.5% of ...
Bhutan Holds $1 Billion in Bitcoin Amid Growing State Adoption
1 day ago · This news comes less than two weeks after Bhutan deposited more than 900 BTC worth $65 million into a Binance account. A transfer of this size would typically indicate a major sell-off, like in Germany’s substantial asset sales this summer. However, Bhutan has continued mining Bitcoin at the same rates.
How Bhutan Quietly Built $750 Million In Bitcoin Holdings - Forbes
Sep 17, 2024 · Blockchain intelligence firm Arkham revealed on September 16, 2024, that Bhutan's bitcoin holdings have reached $750 million. This represents approximately 27.9% of Bhutan's estimated...
El Salvador and Bhutan see Bitcoin holdings surge amid market …
1 day ago · According to Arkham Intelligence, Bhutan’s Bitcoin holdings now total about $1.03 billion. Bhutan owns 12,568 BTC and also holds around $2 million in Ether ( ETH ) and other crypto tokens.
Bitcoin Profit-Taking Continues as BTC Price Nears High With Bhutan …
Oct 30, 2024 · Bhutan moved $65 million worth of bitcoin to crypto exchange Binance late Tuesday as the largest cryptocurrency neared a lifetime peak above $73,500, Arkham data shows. BTC dropped to around ...
Bhutan Has Even More Bitcoin Than El Salvador Thanks to Its …
Sep 17, 2024 · The Kingdom of Bhutan now has the fourth-largest government holdings of Bitcoin, with a stash of over 13,000 BTC—valued at $750 million, says blockchain analytics firm Arkham Intelligence.
Bhutan Government's $750M BTC Now on Arkham
Sep 16, 2024 · Bhutan is the 4th largest government with Bitcoin holdings on our platform, with over $750M in BTC. Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from Bitcoin mining operations, which have ramped up dramatically since early 2023.
Bitcoin Mining Projects Pocket Bhutan a Cool $780 Million
Sep 17, 2024 · Bhutan, a Himalayan nation with fewer than 1 million people, has accumulated over $780 million in bitcoin, representing nearly a third of its GDP, through mining operations run by state-owned...
Bhutan’s Bitcoin Holdings Revealed: Kingdom Owns $780M in …
Sep 16, 2024 · South Asian country Bhutan, a Buddhist kingdom on the Himalayas’ eastern edge, has been revealed as a major Bitcoin holder, owning 13,011 BTC worth around $780.49 million, according to a report by Arkham Intelligence.
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