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Why Bhutan’s Government Chooses Sustainable Bitcoin Mining
Bhutan Government – The Royal Government of Bhutan recently deposited 212.31 Bitcoin, worth approximately $23.61 million, into Binance, marking a significant move in its ongoing cryptocurrency strategy. This transfer is part of a larger Bitcoin movement totaling 350.74 BTC (around $38.5 million) over the past 10 days, highlighting Bhutan’s growing role in the global crypto landscape.
Sustainable Bitcoin Mining Powers Bhutan’s Crypto Reserves
Bhutan’s unique Bitcoin strategy began in 2019, when the sovereign wealth fund Druk Holding & Investments started mining Bitcoin using the country’s abundant hydroelectric power resources. Unlike many countries that banned crypto mining due to energy concerns, Bhutan leverages its clean energy to sustainably mine Bitcoin, building one of the world’s largest government-held BTC reserves.
This green mining approach aligns with Bhutan’s environmental goals, showcasing how a nation can adopt cutting-edge technology while remaining eco-friendly. The deposits coincide with Bitcoin’s latest all-time high, trading above $112,000, signaling prudent treasury management by Bhutanese officials rather than panic selling.
Government Crypto Movements: Bhutan Leads with Strategic Sales
Bhutan’s government occasionally sells parts of its Bitcoin holdings to fund local projects, including infrastructure and social welfare schemes. These sales are considered strategic moves to support national development, while the core Bitcoin reserves remain intact for long-term growth.
On the global stage, Bhutan’s Bitcoin activities stand alongside other state actors like the U.S. government, which recently moved seized Ethereum assets worth $200,000 to Coinbase Prime.
Bhutan’s Growing Influence in Sovereign Bitcoin Adoption
With a focus on renewable energy-powered mining, Bhutan is among the world’s leading governments holding Bitcoin. The country’s smart portfolio management and commitment to sustainability set it apart in the emerging era of digital assets as sovereign reserves.
As Bitcoin continues to fluctuate above $111,000, Bhutan’s approach could serve as a model for other nations looking to integrate cryptocurrencies responsibly into their treasury operations.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
