El Salvador's Bitcoin Stash Rises Above $500M, but Bhutan Story Might Be Even Bigger

2024-11-13 21:39

Monday’s bitcoin rally propelled El Salvador and Bhutan’s crypto stashes to $500 million and $1.1 billion respectively.

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Inside Bhutan’s secretive Bitcoin mining operation

Bhutan's clandestine entry into the world of cryptocurrency mining has recently come to light, raising many questions about the depth of its involvement. Druk Holding & Investments, the state-owned holding company, has confirmed its foray into the mining space, but what has driven this secretive mission? The answer lies in the country's ambitious plans to finance its fourth industrial revolution and the unexpected role of the pandemic in triggering these efforts.

2023-5-1 19:31