As of September 16, 2024, Bhutan's bitcoin holdings have reached $750 million, making it the fourth-largest government holder on Arkham's platform. This positions Bhutan as a significant player in the global cryptocurrency market, especially considering its small population of less than 800,000.

Bhutan’s growing Bitcoin empire revealed, with over $780 million in BTC acquired through extensive mining operations powered by the nation’s renewable energy resources.

Bhutan’s Bitcoin haul comes courtesy of Druk Holdings, the state-owned entity that has been aggressively expanding its mining operations. Through its partnership with mining giant Bitdeer, Druk Holdings has significantly increased its Bitcoin mining capacity.

Bhutan, nestled in the Himalayas, considers its fewer than 900,000 citizens’ happiness a better measure of the country's well-being than money. It is the second nation after El Salvador to officially hold BTC, in this case as part of the state-owned Druk Holdings fund.

Bhutan has emerged as a major Bitcoin holder, surpassing El Salvador in terms of cryptocurrency holdings, according to data from Arkham Intelligence. On September 16, the on-chain analytics platform revealed that Bhutan holds 13,029 Bitcoin, valued at approximately $758 million.