Bhutan Mines 12,000 BTC Worth $1.3 Billion, Holds 40% of GDP, Sells 2,100 BTC with Recent Binance Transfers

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Updated Jul 31, 2025, 02:17 PM

Since initiating its Bitcoin mining program in 2020, Bhutan has quietly accumulated approximately 12,000 BTC, currently valued at around $1.3 billion. This reserve represents nearly 40% of the Himalayan kingdom's GDP, positioning Bhutan as the third-largest sovereign Bitcoin holder globally, behind only the United States and China. The country's Bitcoin holdings have become a substantial component of its national reserves, reflecting a strategic embrace of cryptocurrency as a key asset class. Bhutan has used its abundant hydropower resources to support mining operations.

Over the past year, the Bhutanese government has sold about 2,100 BTC, worth approximately $188.7 million, through multiple transactions. Since late June 2025, the Royal Government of Bhutan has transferred over 650 BTC (valued at more than $74 million) to Binance, including recent deposits of 213.5 BTC ($23.7 million) and 100 BTC ($11.8 million). Despite these sales, Bhutan still holds around 11,300 BTC, valued at about $1.4 billion. The government reportedly uses Bitcoin profits to fund public expenditures such as salary increases and healthcare aid. Unlike other nations whose Bitcoin reserves often originate from law enforcement seizures, Bhutan's holdings stem entirely from mining activities.

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#Bitcoin #Bhutan #Himalayan #United States #China #Bhutanese #Royal Government of Bhutan #Binance

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Sources

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