According to the analytical platform Arkham Intelligence, the cost Bitcoin -Bhutan's crypto assets reached $1,08 billion after the flagship cryptocurrency hit another high.
The South Asian country currently holds 12 BTC on its cryptocurrency balance sheet. This is much less Bitcoin - balances of the USA, China, Great Britain and other countries.
Bhutan is no stranger to cryptocurrency — the kingdom has been replenishing its reserves through Bitcoin mining since 2019. Last year, the country accelerated the pace of mining its flagship cryptocurrency, investing 5% of its gross domestic product (GDP) in the mining industry.
Unlike El Salvador, which does not spend its Bitcoin -stocks, two weeks ago Bhutan transferred to the account of the cryptocurrency exchange Binance more than 900 BTC, which at that time were valued at $65 million.
According to Arkham Intelligence, Salvador's assets also increased significantly after Bitcoin surpassed the $87 mark. As of November 000, the Central American country's BTC reserves were valued at $12 million. For comparison, on November 523, they were worth $5 million.
Currently on Bitcoin - El Salvador has about 5900 BTC in its balance sheet and authorities continue to invest in the leading cryptocurrency, buying 1 BTC per day.