According to recent reports, Bhutan plans to shift its focus toward eco-friendly, or “green,” cryptocurrency mining.Â
Dahal revealed that the country aims to harness its abundant hydropower resources to mine digital currencies in a more sustainable manner.
The initiative will help Bhutan move away from fossil fuel-based mining practices and position itself as a leader in clean crypto production.
The Kingdom of Bhutan has quietly emerged as a significant player in the cryptocurrency space, earning millions of dollars in profits from digital asset investments.
The Royal Government of Bhutan now holds approximately 12,568 Bitcoin, a stash valued at well over $1 billion.
Bhutan initially turned to cryptocurrency as a strategic financial move during the pandemic, when the country’s tourism sector, a key pillar of its economy, was severely impacted.
Bhutan’s Crypto Holdings Surpass $1 Billion, Boosting Economic Resilience
Bhutan’s sovereign wealth fund, Druk Holding and Investments (DHI), has led the nation’s digital finance endeavors since 2019, quietly accumulating substantial crypto assets.
Under the leadership of CEO Ujjwal Deep Dahal, DHI has diversified its portfolio to include significant Bitcoin holdings while maintaining control over Bhutan’s only power generation company.
The sheer scale of Bhutan’s crypto holdings places it among the few governments globally with such a sizeable digital asset reserve, offering a strong financial buffer and new avenues for wealth generation in a post-pandemic economy.
Also Read: Bhutan Becomes Fourth Largest Government Bitcoin Holder With 13,011 BTC
Eco-Mining Strategy Tied to Job Creation and Preventing Brain Drain
Bhutan’s push into green cryptocurrency mining is not only about profits and sustainability, it’s also a strategic move to strengthen the country’s human capital.
By investing in digital innovation and clean technology, Bhutan hopes to create new job opportunities in tech and energy sectors, helping to curb the brain drain that has seen many young professionals seek opportunities abroad.
The long-term vision is to build a self-sustaining digital economy powered by green energy, which could serve as a model for other developing nations looking to modernize without compromising on environmental values.
Strategic Crypto Moves Raise Eyebrows, Hint at Future Plans
In recent developments, the Royal Government of Bhutan transferred 377.77 Bitcoin, worth approximately $37.28 million, to two separate wallets, prompting speculation about a potential asset sale.
That brings the nation’s confirmed Bitcoin holdings down to 11,145 BTC, though the total valuation remains above $1.1 billion.
Meanwhile, Bhutan continues to reinforce its crypto-forward policies with initiatives like the Gelephu Mindfulness City (GMC), which now includes Bitcoin, Ethereum, and Binance Coin (BNB) in its strategic city reserves.
With one of the largest digital asset stockpiles held by any nation, Bhutan is making it clear that cryptocurrency is no longer a side experiment, but a core component of its national economic strategy.
Also Read: Bhutan Government Transfers $66.12M in BTC to Binance Exchange Amid Bitcoin Spike