Bhutan’s Government Reveals Transparent Bitcoin Holdings
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Bhutan’s Bitcoin (BTC) holdings are now transparently tracked through Arkham Intelligence. The holdings show another small country uses BTC as an additional financial tool in its portfolio.
Arkham Intelligence now tracks the Bitcoin and crypto portfolio of the Kingdom of Bhutan, a small mountainous country in South Asia. The recently identified wallet holds 13,092 BTC, 656 Ethereum (ETH), and dust amounts of tokens like SAND and MATIC airdropped or acquired recently.
Most government wallets contain stashes of confiscated coins and are not a central consideration. But for Bhutan, with a GDP of $2.96B per year, the scale of crypto markets looks just right. The BTC and crypto currently owned are just above $750M.
Quietly, the country also accrued more BTC than the usually vocal El Salvador. Under President Nayib Bukele, the government of El Salvador owns 5,876 BTC.
Bhutan is also a carbon-free crypto miner
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