Bhutan
Bhutan moves bitcoin to trading firms and exchanges as BTC drops to nearly $70,000
Wallet data shows the Royal Government of Bhutan moving bitcoin to trading firms and exchanges for the first time in months, as markets slide and volatility spikes across crypto and metals.
Bhutan commits up to 10,000 bitcoin to back new mindfulness-based economic hub
The Himalayan kingdom plans to deploy part of its sovereign bitcoin holdings to fund long-term development through Gelephu Mindfulness City.
Bhutan Debuts TER Gold-Backed Token on Solana
The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.
Bhutan Quietly Sells $59M in Bitcoin as BTC Hits $123K, Still Holds Over $1.4B in Reserves
Much of this strategy is executed via Druk Holding & Investments (DHI), the nation’s sovereign wealth fund, which began mining bitcoin by utilizing the country’s abundant hydropower.
Bhutan Bets on Binance Pay to Power Crypto-Backed Tourism Economy
At the Digital Bhutan panel, co-hosted by Binance, officials laid out a clear vision: bring crypto out of theory and into everyday life.
El Salvador and Bhutan's Bitcoin Retreat; MicroStrategy Buys $2B BTC
El Salvador is reportedly in talks to scale back its use of bitcoin as legal tender and a reserve asset to secure a $1.3 billion dollar loan from the IMF. Plus, Bhutan sent over 400 BTC to crypto trading firm QCP Capital and MicroStrategy purchases another 21,550 BTC worth over $2 billion dollars. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
El Salvador's Bitcoin Stash Rises Above $500M, but Bhutan Story Might Be Even Bigger
Monday’s bitcoin rally propelled El Salvador and Bhutan’s crypto stashes to $500 million and $1.1 billion respectively.
Bitcoin Profit-Taking Continues as BTC Price Nears High. Is Bhutan Next to Sell?
The Bhutan government recently deposited almost 1,000 BTC into a Binance deposit address. It holds $900 million of the asset.
Trump-Endorsed Crypto Project Confirms Plan for a Token; Bhutan Holds Over $780M in Bitcoin
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as World Liberty Financial, a crypto project the Trump family has endorsed, confirmed the launch of a governance token WLFI. Plus, MicroStrategy proposed to issue $700 million of convertible senior notes and Bhutan has accumulated over $780 million in bitcoin.
Bhutan, Tiny Country With $3B GDP, Holds Over $780M in Bitcoin
Bhutan’s state-owned Druk Holdings touts digital assets as one of its focus investment groups.
