Druk Holdings & Investments, Bhutan’s state-owned investment arm, is now recognized as one of the largest government entities holding Bitcoin, with a staggering 13,000 BTC valued over $750 million. This substantial portfolio places Bhutan fourth globally among governments with significant Bitcoin reserves. Unlike most countries that acquire copyright through seizures or purchases, Bhutan’s Bitcoin holdings have been amassed through its own mining operations.
Bhutan’s journey into copyright began with the establishment of its mining infrastructure, leveraging its low electricity costs to gain a competitive advantage. The country’s electricity tariffs, ranging between $0.015 and $0.032 per kilowatt-hour (kWh), are among the lowest in the world. This stark contrast to the $5.96 per kWh in Hawaii highlights Bhutan’s unique position in the global Bitcoin mining sector. The cost efficiency has enabled Bhutan to mine Bitcoin at a time when the copyright’s price was significantly lower, around $5,000 per BTC....
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