Bhutan Holds 13,011 Bitcoin Worth $780.49M, Identified by Arkham

The Kingdom of Bhutan has been identified as holding 13,011 Bitcoin, valued at approximately $780.49 million.

These holdings, which have been amassed through Bitcoin mining operations, were publicly identified by Arkham. Bhutan's investment arm, Druk Holdings, is responsible for these Bitcoin mining activities.

The revelation highlights the increasing involvement of nation-states in the cryptocurrency market. Arkham disclosed that Bhutan's Bitcoin holdings are worth around $750 million.

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