Bhutan’s $750M revenue from Bitcoin mining sets model for developing nations
Bhutan’s experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies.
The East Himalayan Kingdom of Bhutan is showcasing a powerful example of how developing nations could leverage Bitcoin mining to improve their economies and achieve economic growth.
On Sept. 16, onchain analytics platform Arkham Intelligence claimed it had detected and identified the first Bitcoin (BTC) address of Bhutan’s investment arm, Druk Holding and Investments. According to Arkham, DHI holds 13,029 BTC, 656 Ether (ETH) and some BNB (BNB) and Polygon (MATIC), amounting to approximately $780 million in total crypto holdings.
Despite Bukele’s bold efforts, Bhutan has discreetly gathered over twice as much Bitcoin as El Salvador by mining the cryptocurrency.
Go to Source
Author: Daniel Ramirez-Escudero
