Key facts:
To date, El Salvador holds about 5,800 BTC.
Bhutan acquired more than 8,000 bitcoin in a matter of a year.
Bhutan, a town near the Himalayas, has accumulated more than 13,000 bitcoin (BTC) over the past three years. The sum, disclosed by the analysis firm Arkham Intelligence, is more than double the amount of BTC held by El Salvador, which currently holds just over 5,800 bitcoin.
On their website, Arkham reflects that the BTC of the Kingdom of Bhutan, managed by the state-owned company Druk Holdings (DHI), are valued at approximately USD 750.8 million at the current market price.
In total, there are about 13,029 BTC under the management of Bhutan. More than double the 5,875.76 BTC held by El Salvador, according to the records government officials.
Since July 2023, Bhutan has seen a significant increase in its bitcoin holdings. At that time, the country held approximately 5,000 BTC. Since then, and to date, Bhutan has increased its reserves to 13,000 BTC, representing an increase of 160% in just over a year.
Bhutan’s interest in bitcoin is not new. The kingdom has shown a penchant for cryptocurrencies, especially BTC, driven by the ability to generate renewable energy at low cost, thanks to the country’s abundant hydroelectric resources. As reported by CriptoNoticias, Bhutan not only stores bitcoin, but has also been actively involved in its mining.
The holdings are held by the company DHI, which manages Bhutan’s assets. DHI operates a mega Bitcoin mining farm in the Himalayas, taking advantage of the country’s hydroelectric power to keep operating costs low.
In addition to your bitcoin stash, DHI also holds 656 ETH and other cryptocurrenciessuch as SAND, MATIC and BNB, thereby diversifying its digital asset portfolio. This information is available on the Arkham Intelligence platform, which has tracked and verified DHI’s holdings.
El Salvador continues on its course
Although El Salvador’s holdings are considerably smaller than Bhutan’s, it is worth noting that the government of that country, headed by Nayib Bukele, maintains a daily purchase policy of 1 BTC. In addition, they have added bitcoin to their reserve not only through direct purchases, but also through mining and other sources of income.
El Salvador has mined nearly 474 bitcoins since 2021, using volcanic geothermal energy, adding to its state reserve and reflects a commitment to sustainability and financial innovationThis mining activity, along with regular acquisitions, has allowed the country to steadily increase its BTC reserve.
The difference in strategies between Bhutan and El Salvador is notable. While Bhutan has opted for massive accumulation and large-scale mining, El Salvador has combined direct purchasing with mining and other sources of income in cryptocurrencies, reflecting a diversification in its approach to bitcoin.
Both countries, in their own way, are redefining how states can interact with cryptocurrencies, not only as a store of value but also as a tool for economic innovation and energy sustainability.
This article was created using artificial intelligence and edited by a human on the editorial staff.
