Articles for tag: Bhutan, Bitcoin, Cryptocurrency, Digital Assets, GDP, hydroelectric, Investments

March 25, 2025

Bhutan Government Transfers $63M in Bitcoin to Three Wallets: What It Means for Cryptocurrency and National Strategy

The Bhutan government recently transferred $63 million worth of Bitcoin to three wallets, significantly increasing its cryptocurrency holdings. One wallet alone now holds 600 BTC, valued at around $53 million. Bhutan has been mining Bitcoin since 2019, utilizing its rich hydroelectric resources. Currently, the country’s Bitcoin investments represent 30.7% of its GDP, which totaled $2.9 ...

March 14, 2025

Market News

Crypto

Bitcoin Reserves: Bhutan’s Innovative Adoption of Cryptocurrency as Common Currency

Discover the latest insights in Roula Khalaf’s Editor’s Digest, featuring intriguing stories on global finance and cryptocurrency. This week, the discussion revolves around the increasing trend of nations, including Bhutan, amassing bitcoin reserves. Bhutan stands out by mining its own bitcoins using hydropower, contrasting with countries like the US and the UK, which acquire theirs ...

March 14, 2025

Market News

Crypto

Bitcoin Gains Popularity as Common Currency in Bhutan: Exploring the Rise of Cryptocurrency in the Himalayan Kingdom

In a fascinating exploration of global bitcoin reserves, Bhutan stands out by mining its own cryptocurrency using hydropower. While other nations like the U.S. acquire bitcoin through law enforcement seizures, Bhutan’s approach is more sustainable and innovative, given its limited economic resources. Although Bhutan’s bitcoin holdings are smaller than the UK’s, they reflect a unique ...

January 21, 2025

Market News

Crypto

El Salvador Expands Bitcoin Reserves by Purchasing 12 More Coins Despite Ongoing IMF Negotiations

El Salvador has recently added 12 Bitcoin to its reserves, valuing over $1 million, despite a deal with the International Monetary Fund (IMF) to reduce its crypto activities. The National Bitcoin Office confirmed the purchases, bringing the country’s total Bitcoin holdings to 6,044, worth nearly $610 million. This comes after President Nayib Bukele’s government agreed ...

January 8, 2025

Market News

Crypto

Countries Increasing Bitcoin Stockpiles in 2023: Unveiling the Potential for Secret Purchases Amid Growing Demand

Fidelity, a global asset management firm, expects more countries to start stockpiling Bitcoin in 2023. In their recent report, analyst Matt Hougan highlighted that governments like Bhutan and El Salvador are leading the way in accumulating Bitcoin. He predicts that other nations might follow suit, inspired by the profits seen from Bitcoin investments. There’s also ...