TechFlow reported on September 17 that according to Arkham monitoring, the Bhutanese government currently holds 13,011 bitcoins, worth approximately $780.49 million, making it the fourth-largest government holder of bitcoin on the platform. Unlike other governments, Bhutan’s bitcoin reserves do not come from asset seizures by law enforcement, but rather from its active bitcoin mining operations.
Arkham data shows that Bhutan's bitcoin mining activities have significantly increased since early 2023. The country has established bitcoin mining facilities in multiple locations, with the largest situated at the site of the former "Education City" project, which had been discontinued.
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