Why Bhutan's Bitcoin Sale is a Bold Move 🚀

Bhutan's Strategic BTC Sale

In a decisive move, Bhutan recently sold $33 million worth of Bitcoin, capitalizing on the cryptocurrency’s price peak of $90,000 before a 3% dip. This sale, part of $100 million in BTC liquidated in November, aligns with Bhutan’s strategy of selling during price surges.

Holding 12,206 BTC worth $1.1 billion, Bhutan ranks fifth in government Bitcoin reserves globally. Their edge? They mine BTC sustainably using hydroelectric power—a unique, low-cost approach that sets Bhutan apart.

A Growing Government Trend 🌍

As Bhutan builds its Bitcoin reserves, other countries are also increasing their holdings. The trend points to BTC becoming a mainstay in national reserves worldwide, a sign of crypto’s growing legitimacy.

#Bitcoin #CryptoNews #Bhutan #Government #BTC