Bhutan Holds 13,011 Bitcoins, Ranking 4th Among Governments

According to Arkham's monitoring, Bhutan ranks fourth in the world among governments in terms of Bitcoin holdings, with a total of 13,011 BTC, valued at approximately $780.49 million. Unlike most governments, Bhutan's Bitcoin holdings do not come from confiscated assets, but from Bitcoin mining operations. Mining activity has surged dramatically since the beginning of 2023. Bhutan is reportedly constructing multiple Bitcoin mining facilities across the country, with the largest one located at the site of the now-closed Education City project.