Bhutan's BTC holdings currently account for more than one-third of its GDP

ChainCatcher news, according to Coindesk, based on data from Arkham Intelligence, the small South Asian country of Bhutan has a population of only 800,000 (compared to El Salvador's population of 6.4 million), yet it holds 12,574 bitcoins, valued at $1.1 billion at current prices. The value of bitcoins held by Bhutan accounts for more than one-third of the country's GDP (slightly below $3 billion). El Salvador's $500 million in bitcoin only represents 1.5% of its GDP.

It is reported that Bhutan's bitcoin holdings have been accumulated through bitcoin mining, as the country has abundant hydropower resources. In September, Arkham reported that Bhutan is likely to become the fourth largest bitcoin-holding country.