Bhutan, a South Asian country, reportedly holds a significant amount of Bitcoin, surpassing even El Salvador. On Sept. 16, Arkham Intelligence identified a group of addresses in Bhutan holding 13,029 BTC, valued at around $758 million. These holdings are attributed to Bitcoin mining operations by Druk Holdings (DHI), the investment arm of the Kingdom of Bhutan. Additionally, DHI holds 656 ETH, some BNB, and Polygon. Bhutan's reported BTC holdings account for a quarter of its GDP, which is projected to reach $3 billion by 2024. In comparison, El Salvador began acquiring Bitcoin in 2021 and currently holds 5,875 BTC worth $331 million. Despite El Salvador's higher acquisition cost, it uses renewable energy for mining. Bhutan, with a population of 790,000, and El Salvador, with 6.3 million, showcase different approaches to Bitcoin mining and investment. Read more AI-generated news on: https://app.chaingpt.org/news

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