Tag: Bhutan
-
Bhutan Sells Bitcoin Holdings to Fund National Development Initiatives
5 February, 2026: Bhutan has been selling part of its hydropower-mined Bitcoin holdings to manage market swings, offloading over $200 million in the past year while retaining about 13,119 BTC worth roughly $860 million as a long-term national asset. High Signal Summary For A Quick Glance 📌 Key Takeaways 👥 Who Is Impacted 📊 Implications…
-
Gelephu Mindfulness City in Bhutan Adopts Bitcoin and Digital Assets as Strategic Reserves
Gelephu Mindfulness City (GMC), Bhutan’s Special Administrative Region (SAR), will include Bitcoin (BTC) in its strategic reserves. Ethereum (ETH) and Binance Coin (BNB) will also form part of these reserves. This initiative aims to strengthen GMC’s economic resilience and promote blockchain innovation in South Asia. The SAR will focus on digital assets with high market…
-
Bhutan transfers $66M in Bitcoin to Binance, 4th largest govt. holder of BTC
The Royal Government of Bhutan has surprised the crypto world by emerging as one of the largest government holders of Bitcoin. Recently, Bhutan transferred 929 BTC (worth approximately $66.1 million) to a Binance deposit address, raising questions about whether the country is taking profits or adjusting its position in the volatile crypto market. This transaction,…