Bhutan’s Hydropower-Fueled Bitcoin Mining Operation Generates Over $1 Billion
The post Bhutan’s Hydropower-Fueled Bitcoin Mining Operation Generates Over $1 Billion appeared on BitcoinEthereumNews.com. The operation has become a critical economic lifeline as the nation faces youth migration and declining tourism revenue. Bitcoin brings economic prosperity. The small Himalayan kingdom of Bhutan has quietly built one of the world’s largest government-owned Bitcoin operations, accumulating over $1.4 billion worth of cryptocurrency through mining powered entirely by renewable hydroelectric energy. With just 800,000 people, Bhutan now ranks as one of the largest government holder of Bitcoin globally, holding over 11,400 Bitcoin that represents roughly 40% of the country’s entire GDP. Recent Strategic Sales Show Market Timing Bhutan has demonstrated sophisticated market timing by recently capitalizing on Bitcoin’s surge to new all-time highs above $123,000. Over four consecutive days in July 2025, the government sold 512.84 Bitcoin worth $59.47 million through transfers to Binance exchange. The sales came as Bitcoin climbed from $108,000 to over $122,000, representing strategic profit-taking rather than abandoning cryptocurrency. Despite these recent sales, Bhutan still holds 11,411 Bitcoin worth approximately $1.4 billion, maintaining its position as a major sovereign holder. Earlier sales included $66.55 million worth of Bitcoin in October 2024 and another $33.5 million in November 2024. Over the past year, Bhutan has sold approximately 2,262 Bitcoin across six major transactions, bringing in over $200 million with an average selling price of $88,612. Mining Operations Generate Millions Weekly Bhutan’s state-owned investment company, Druk Holdings and Investments, operates six cryptocurrency mining facilities across the mountainous terrain, with a seventh under construction. The government began mining Bitcoin in 2019 when prices hovered around $5,000. Since then, Bhutan has mined over 13000 Bitcoin since the launch of the program, making it one of the most successful sovereign cryptocurrency programs worldwide. “It’s just a simple strategic choice that many people have made and earned billions of dollars, and I think governments should do it,” Prime Minister…
The post Bhutan’s Hydropower-Fueled Bitcoin Mining Operation Generates Over $1 Billion appeared on BitcoinEthereumNews.com.
The operation has become a critical economic lifeline as the nation faces youth migration and declining tourism revenue. Bitcoin brings economic prosperity. The small Himalayan kingdom of Bhutan has quietly built one of the world’s largest government-owned Bitcoin operations, accumulating over $1.4 billion worth of cryptocurrency through mining powered entirely by renewable hydroelectric energy. With just 800,000 people, Bhutan now ranks as one of the largest government holder of Bitcoin globally, holding over 11,400 Bitcoin that represents roughly 40% of the country’s entire GDP. Recent Strategic Sales Show Market Timing Bhutan has demonstrated sophisticated market timing by recently capitalizing on Bitcoin’s surge to new all-time highs above $123,000. Over four consecutive days in July 2025, the government sold 512.84 Bitcoin worth $59.47 million through transfers to Binance exchange. The sales came as Bitcoin climbed from $108,000 to over $122,000, representing strategic profit-taking rather than abandoning cryptocurrency. Despite these recent sales, Bhutan still holds 11,411 Bitcoin worth approximately $1.4 billion, maintaining its position as a major sovereign holder. Earlier sales included $66.55 million worth of Bitcoin in October 2024 and another $33.5 million in November 2024. Over the past year, Bhutan has sold approximately 2,262 Bitcoin across six major transactions, bringing in over $200 million with an average selling price of $88,612. Mining Operations Generate Millions Weekly Bhutan’s state-owned investment company, Druk Holdings and Investments, operates six cryptocurrency mining facilities across the mountainous terrain, with a seventh under construction. The government began mining Bitcoin in 2019 when prices hovered around $5,000. Since then, Bhutan has mined over 13000 Bitcoin since the launch of the program, making it one of the most successful sovereign cryptocurrency programs worldwide. “It’s just a simple strategic choice that many people have made and earned billions of dollars, and I think governments should do it,” Prime Minister…
What's Your Reaction?
