Bhutan, once hailed as the happiest country, has become one of the few sovereign wealth funds globally to directly hold BTC, allowing its BTC value to reach 34% of the domestic GDP. (Background: Bhutan mines BTC》Bit small deer is deploying 23,000 units of Mining Equipment, estimated to mine 6 BTC per day) (Background: Bhutan's national BTC assets reach one-third of GDP, can BTC become a new global reserve favorite?) Located at the foot of the Himalayas, Bhutan, a mysterious country once known as the 'happiest country in the world', continues to strengthen its presence in the Cryptocurrency market. According to Forbes, Bhutan's sovereign wealth fund Druk Holdings & Investments (DHI) has invested tens of thousands of dollars in digital assets such as BTC and Ethercoin. According to Arkham data, Bhutan holds 12,207 BTC, worth $1.17 billion, accounting for 40% of its annual GDP. (According to World Bank data, Bhutan's GDP in 2022 was $289.8 million) Bhutan's Cryptocurrency assets are mainly concentrated in BTC and Ethercoin, as follows: BTC (BTC): 12,207 coins, with a total value of approximately $1.17 billion. Ethercoin (ETH): Approximately 656 coins, with a total value of approximately $2.03 million. Hydropower sustains the Mining business Apart from direct purchases, Bhutan's unique natural conditions provide strong support for its Cryptocurrency Mining business. DHI confirmed to the local media 'The Bhutanese' that Bhutan had entered the Mining field using its abundant hydropower resources when the BTC price was only $5,000. Approximately 72% of the country's hydropower is exported to India, with hydropower income accounting for 30% of the GDP. In addition, the natural cooling environment in the high mountain areas further reduces Bhutan's Mining costs, creating a unique advantage in the global Mining market. Global government BTC holdings ranking To supplement, according to Treasuries' compiled data, as of early October 2024, governments of various countries collectively hold 529,365 BTC, worth approximately $50 billion at current market prices, accounting for 2.521% of the total fixed BTC quantity (210 million coins). Bhutan ranks fifth, making it one of the major holding countries globally. Main country holdings ranking: United States: 207,189 BTC, firmly in the lead. China: 194,000 BTC, second place. United Kingdom: 61,000 BTC. Ukraine (government): 46,351 BTC. Bhutan: 13,029 BTC. El Salvador: 5,748.8 BTC. Finland: 1,981 BTC. Georgia (government): 66 BTC. Druk Holdings & Investments, established in Bhutan in 2007 Druk Holdings & Investments, a sovereign wealth fund, was established in 2007 under the royal charter of Bhutan's King Jigme Khesar Namgyel Wangchuck. The fund's managed assets cover fields ranging from cheese production, hydropower, to the Royal Bhutan Airlines. Related reports Bhutan's national BTC assets reach one-third of GDP, can BTC become a new global reserve favorite? Bhutan's sovereign fund assets 'tens of thousands of dollars' in BTC, Ethereum! Happiest country secretly mining BTC! Entered the Mining field when the value was $5,000 until now (Bhutan's BTC assets account for 40% of GDP! How to redefine 'happiness economy' with Cryptocurrency) This article was first published in BlockTempo, the most influential Blockchain news media in the dynamic area.
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Bhutan Bitcoin tutanların GDP'nin %40'ını oluşturduğu! 'Mutluluk ekonomisi'ni Kripto Varlıklar ile nasıl yeniden tanımlayabiliriz?
Bhutan, once hailed as the happiest country, has become one of the few sovereign wealth funds globally to directly hold BTC, allowing its BTC value to reach 34% of the domestic GDP. (Background: Bhutan mines BTC》Bit small deer is deploying 23,000 units of Mining Equipment, estimated to mine 6 BTC per day) (Background: Bhutan's national BTC assets reach one-third of GDP, can BTC become a new global reserve favorite?) Located at the foot of the Himalayas, Bhutan, a mysterious country once known as the 'happiest country in the world', continues to strengthen its presence in the Cryptocurrency market. According to Forbes, Bhutan's sovereign wealth fund Druk Holdings & Investments (DHI) has invested tens of thousands of dollars in digital assets such as BTC and Ethercoin. According to Arkham data, Bhutan holds 12,207 BTC, worth $1.17 billion, accounting for 40% of its annual GDP. (According to World Bank data, Bhutan's GDP in 2022 was $289.8 million) Bhutan's Cryptocurrency assets are mainly concentrated in BTC and Ethercoin, as follows: BTC (BTC): 12,207 coins, with a total value of approximately $1.17 billion. Ethercoin (ETH): Approximately 656 coins, with a total value of approximately $2.03 million. Hydropower sustains the Mining business Apart from direct purchases, Bhutan's unique natural conditions provide strong support for its Cryptocurrency Mining business. DHI confirmed to the local media 'The Bhutanese' that Bhutan had entered the Mining field using its abundant hydropower resources when the BTC price was only $5,000. Approximately 72% of the country's hydropower is exported to India, with hydropower income accounting for 30% of the GDP. In addition, the natural cooling environment in the high mountain areas further reduces Bhutan's Mining costs, creating a unique advantage in the global Mining market. Global government BTC holdings ranking To supplement, according to Treasuries' compiled data, as of early October 2024, governments of various countries collectively hold 529,365 BTC, worth approximately $50 billion at current market prices, accounting for 2.521% of the total fixed BTC quantity (210 million coins). Bhutan ranks fifth, making it one of the major holding countries globally. Main country holdings ranking: United States: 207,189 BTC, firmly in the lead. China: 194,000 BTC, second place. United Kingdom: 61,000 BTC. Ukraine (government): 46,351 BTC. Bhutan: 13,029 BTC. El Salvador: 5,748.8 BTC. Finland: 1,981 BTC. Georgia (government): 66 BTC. Druk Holdings & Investments, established in Bhutan in 2007 Druk Holdings & Investments, a sovereign wealth fund, was established in 2007 under the royal charter of Bhutan's King Jigme Khesar Namgyel Wangchuck. The fund's managed assets cover fields ranging from cheese production, hydropower, to the Royal Bhutan Airlines. Related reports Bhutan's national BTC assets reach one-third of GDP, can BTC become a new global reserve favorite? Bhutan's sovereign fund assets 'tens of thousands of dollars' in BTC, Ethereum! Happiest country secretly mining BTC! Entered the Mining field when the value was $5,000 until now (Bhutan's BTC assets account for 40% of GDP! How to redefine 'happiness economy' with Cryptocurrency) This article was first published in BlockTempo, the most influential Blockchain news media in the dynamic area.