1. The government of Bhutan has recently invested over $1 billion in Bitcoin. 2. The investment came about due to the pandemic’s impact on its tourism industry, forcing the country to rely on its excess energy resources to mine Bitcoin. 3. Druk Holdings, a government-affiliated company, manages Bhutan’s Bitcoin trades and currently holds $1,033,855,613.15 worth of the currency.
4. While Bhutan has not announced new mining or investment plans, the ongoing bull market has increased the value of its existing holdings. 5. The country also holds Ethereum, KIBSHI tokens, and BOBO tokens in its Druk Holdings wallet. 6. The United States is also considering building a Bitcoin reserve under Donald Trump, and MicroStrategy recently purchased an additional 27,200 BTC.
7. The Bitcoin investments from Bhutan and MicroStrategy have paid off as the coin has reached a new all-time high of over $84,000.
