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Bhutan's Bitcoin Assets Surpass $1 Billion

Bhutan's Bitcoin Assets Surpass $1 Billion

HappyCoinNewsHappyCoinNews2024/11/13 06:33
By:HappyCoinNews

According to the analytical platform Arkham Intelligence, the cost Bitcoin -Bhutan's crypto assets reached $1,08 billion after the flagship cryptocurrency hit another high.

The South Asian country currently holds 12 BTC on its cryptocurrency balance sheet. This is much less Bitcoin - balances of the USA, China, Great Britain and other countries.

Bhutan's Bitcoin Assets Surpass $1 Billion image 0

Bitcoin -Bhutan's assets

Bhutan is no stranger to cryptocurrency — the kingdom has been replenishing its reserves through Bitcoin mining since 2019. Last year, the country accelerated the pace of mining its flagship cryptocurrency, investing 5% of its gross domestic product (GDP) in the mining industry.

Unlike El Salvador, which does not spend its Bitcoin -stocks, two weeks ago Bhutan transferred to the account of the cryptocurrency exchange Binance more than 900 BTC, which at that time were valued at $65 million.

According to Arkham Intelligence, Salvador's assets also increased significantly after Bitcoin surpassed the $87 mark. As of November 000, the Central American country's BTC reserves were valued at $12 million. For comparison, on November 523, they were worth $5 million.

Bhutan's Bitcoin Assets Surpass $1 Billion image 1

Bitcoin -El Salvador assets

Currently on Bitcoin - El Salvador has about 5900 BTC in its balance sheet and authorities continue to invest in the leading cryptocurrency, buying 1 BTC per day.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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