Bhutan’s Bitcoin asset value crosses USD 1B, ranks fifth among countries holding BTC - Asia News NetworkAsia News Network
Unlike other countries where BTC are more common from reported law enforcement asset seizures, Bhutan mines Bitcoin with abundant hydroelectric resources.
November 19, 2024 THIMPHU – Capitalising on the recent Bitcoin (BTC) price surges, Bhutan cashed out 367 BTC worth about USD 33.5 million through major cryptocurrency exchange, Binance, on November 14. Bitcoin price rose to more than USD 90,000 for 1 BTC. As of yesterday, 1 BTC was equivalent to USD 90, 799. This latest sale marks the second significant Bitcoin sale for Bhutan in recent weeks for USD 66 million upon Bitcoins reaching USD 70,000 per BTC. In recent weeks, Bhutan sold BTC worth almost USD 100 million. The Chief executive officer of the Druk Holding and Investments (DHI), Uj
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