ChainCatcher news, according to data disclosed by Cointelegraph on the X platform, the Bitcoin held by the address of the Kingdom of Bhutan has reached a market value of 1.1 billion dollars, currently accounting for 34% of its GDP.

ChainCatcher news, according to Lookonchain monitoring, the government of Bhutan has deposited 929 BTC (66.16 million USD) to Binance in the past hour. The government of Bhutan currently holds 12,456 BTC (886.58 million USD).

ChainCatcher news, according to Forbes, the landlocked country of Bhutan in the Eastern Himalayas has been using its renewable energy to operate a Bitcoin mining business for years.A government representative stated that the country "started mining Bitcoin a few years ago as one of the early entrants when the price of Bitcoin was around $5,000."Insiders further revealed that the Bhutanese government has partnered with the Nasdaq-listed mining company BitDeer. An investor from the company provided more insights into the collaboration: "We expect Bhutan's 550 megawatt power supply to generate 100 megawatts of power, with the construction of the mining data center expected to begin in the second quarter of 2023 and be completed by the third quarter of 2024." (source link)