Arkham Detects Another Country's Bitcoin Wallet, Becomes Fourth Largest Government Holding BTC! How Much BTC Does It Have?
Arkham shared that the South Asian country of Bhutan has 13,011 BTC worth approximately $780.49 million.
As Bitcoin adoption increases day by day, it has emerged that another country owns Bitcoin.
According to a report by Arkham Intelligence, the South Asian country of Bhutan, one of the most isolated countries in the world, has 13,011 BTC worth approximately $780.49 million.
While Bhutan’s Bitcoin address was identified for the first time, the Arkham report said that Bhutan is the fourth largest government by BTC holdings.
It was stated that Bhutan obtained these BTCs through mining activities conducted by the state-owned Druk Holdings.
It was added that these BTCs are equivalent to approximately one-third of the country's GDP.
“The Bhutanese government has $750 million worth of BTC and it is now in ARKHAM.
These BTCs come from Bitcoin mining operations run by Druk Holdings, the investment arm of the Kingdom of Bhutan.
Arkham was the first organization to make these addresses public.
With over $750 million worth of BTC on our platform, Bhutan is the 4th largest government holding Bitcoin.
Unlike most governments, Bhutan’s BTC comes not from law enforcement asset seizures, but from Bitcoin mining activity, which has increased significantly since the beginning of 2023.”
BREAKING: BHUTAN GOVERNMENT’S $750M BTC NOW ON ARKHAM
Bhutan’s Bitcoin holdings are now labeled on Arkham. These holdings come from Bitcoin mining operations carried out by the Kingdom of Bhutan’s investment arm, Druk Holdings.
Arkham is the first to publicly identify these… pic.twitter.com/a8ScUNJJ9F
— Arkham (@ArkhamIntel) September 16, 2024
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump cabinet sued over Signal leak of war plans as Mike Waltz takes full responsibility
Share link:In this post: Five Trump cabinet members are being sued for using Signal to discuss Yemen airstrikes without preserving records. Atlantic editor Jeffrey Goldberg was accidentally added to the Signal group discussing military plans. Mike Waltz admitted he created the group and said he takes full responsibility for the leak.
France is using AI to clamp down on tax fraud
Share link:In this post: France ramps up AI-driven tax fraud detection, uncovering €16.7 billion in violations and exposing fraudulent renovation grants. Authorities enhance data sharing and AI tools to combat financial crime amid economic pressures and rising government spending. French art expert Bill Pallot faces trial over a €4.5 million antique forgery scheme that deceived the Palace of Versailles and private collectors.

NAVXUSDT now launched for futures trading and trading bots
Is Arizona Set to Pioneer a Crypto Reserve in the U.S?
Arizona's Bitcoin Reserve Bills: A Potential Game-Changer for Digital Asset Adoption, Despite Governor's Uncertain Veto Power

Trending news
MoreCrypto prices
More








