Bhutan Transfers $835K in Bitcoin to New Wallets Amid Growing Crypto Holdings
The Royal Government of Bhutan has moved approximately $835,000 in Bitcoin to two newly created wallet addresses.
This transfer comes as Bhutan's cryptocurrency activities are gaining international attention. The country's BTC holdings are primarily the result of state-sponsored mining operations powered by hydroelectric energy.
Bhutan's total Bitcoin reserves are estimated at over 13,000 BTC, making it one of the largest government holders worldwide.