Bhutan Emerges as 4th Largest Government Bitcoin Holder

Quick Summary:

Bhutan is a Buddhist country that is perched on the eastern edge of the Himalayas, and this country has been found to be a substantial holder of Bitcoin-it holds 13,011 BTC valued at about $780.49 million.

According to Arkham, Bhutan counts as the fourth-largest government-holding Bitcoin with over $750 million in BTC.

It is these countries that have been continuously accumulating their Bitcoin reserves, hence their holdings, which now signal a rising presence of cryptocurrency in global financial systems.

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Article Details

Author / Journalist: Teuta

Category: Crypto

Markets: IndiaBhutanChinaCroatiaEl SalvadorUkraineUnited KingdomUnited States

Topics: 24/7 Cryptocurrency News Bitcoin mining Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 20:00:20 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 593 words

Reading Time: 4 minutes read

Sentences: 44 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22544165

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