Arkham Says Bhutan Holds Twice as Much Bitcoin as El Salvador

Bhutan’s investment arm Druk Holdings reportedly holds 13,029 BTC, eclipsing El Salvador’s 5,875 BTC. Arkham, an on-chain analytics platform, has revealed that Bhutan’s Bitcoin holdings are largely from mining operations. Bhutan’s BTC accounts for a quarter of its GDP, while El Salvador began acquiring Bitcoin in 2021. Both countries use renewable energy for mining, with Bhutan using hydroelectric power and El Salvador using geothermal energy.

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