According to PandoraTech News, Coinfomania cited that Bhutan’s total Bitcoin reserves now stand at $1.3 billion, which is about 40% of the country’s GDP. Dennis Porter, CEO of SatoshiActFund, called it “an important crypto milestone.”

As early as 2020, the Bhutanese government, under the promotion of King Jigme Khesar Namgyel Wangchuck, launched a national Bitcoin mining plan, relying on its abundant hydropower resources to carry out clean energy mining.

Five years later, Bhutan has not only become the third country in the world in terms of Bitcoin reserves, but also plans to hold these Bitcoins for a long time. Ujjwal Deep Dahal, head of its sovereign wealth fund Druk Holding and Investments, said: "Mining is a very natural choice for Bhutan."

Currently, Bhutan operates at least six Bitcoin mines, some of which are in cooperation with Bitdeer Technologies, a Singapore-listed mining company. In addition, in May this year, Bhutan launched a tourism payment system that supports more than 100 cryptocurrencies, allowing tourists to pay for air tickets, hotels and visas with cryptocurrencies.

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Bhutan’s Bitcoin strategy shows that small countries, driven by energy resources and policies, have the opportunity to occupy an important position in the global crypto-financial ecosystem. Its tourism payment system also heralds the entry of national-level cryptocurrency adoption into the practical stage.

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