News Explorer — Bhutan Government Holds $750 Million in Bitcoin

Generated by AI, curated by humans

Sep 17, 3:33 pm

Decrypt

Bhutan Government Holds $750 Million in Bitcoin

Bhutan, known for its involvement in cryptocurrency mining, now holds the fourth-largest government stash of Bitcoin, with over 13,000 BTC valued at $750 million. Unlike other governments, Bhutan's Bitcoin reserves come from its green-powered mining farms, taking advantage of its abundant hydroelectric power. In addition to Bitcoin, Bhutan's state investment arm also holds other cryptocurrencies such as ETH, BNB, MATIC, and USDT.

Bhutan, known for its involvement in cryptocurrency mining, now holds the fourth-largest government stash of Bitcoin, with over 13,000 BTC valued at $750 million. Unlike other governments, Bhutan's Bitcoin reserves come from its green-powered mining farms, taking advantage of its abundant hydroelectric power. In addition to Bitcoin, Bhutan's state investment arm also holds other cryptocurrencies such as ETH, BNB, MATIC, and USDT.

Latest

Dec 20, 8:05 pm

Decrypt

Alleged CEO Assassin Lands in Same Jail as FTX Founder

Luigi Mangione, the alleged murderer of UnitedHealth Group CEO Brian Thompson, is now housed at the Metropolitan Detenti... Read Summary

Dec 20, 6:29 pm

Decrypt

'Ragnarok Online' Spinoff Game Headed to Ethereum

Ragnarok Landverse, a blockchain-enhanced MMORPG in the classic Ragnarok Online franchise, will launch on Ethereum sidec... Read Summary

Dec 20, 5:42 pm

Decrypt

Metaplanet Plans to Buy More Bitcoin With $61 Million Raise

Metaplanet, a Japanese investment firm, plans to issue 5 billion yen in bonds to buy more Bitcoin, following the model o... Read Summary

Dec 20, 2:37 pm

Decrypt

Dogecoin Down 19% as Bitcoin and XRP Tumble

Dogecoin has hit a low of $0.267, the lowest since November, with a 19% drop in the last 24 hours. Other meme coins like Shiba Inu and Pepe are also experiencing significant daily dips. Read Summary

Dec 20, 2:08 pm

Decrypt

Crypto Liquidations Hit $1.4 Billion in 24 Hours, Causing Major Losses for Leveraged Traders

According to Coinglass data, crypto liquidations have reached $1.4 billion in the last 24 hours, with leveraged traders... Read Summary

Dec 20, 1:16 pm

Decrypt

Bitcoin Spot ETFs Experiences Record Outflows

Record-high net outflows of $671.9 million were reported by Bitcoin spot exchange-traded funds (ETFs), with Grayscale Bi... Read Summary

Dec 20, 11:07 am

Coindesk

Long-Term Bitcoin Holders Are Starting to Sell, Data Shows

Bitcoin is currently trading 13% below its record high, with long-term holders selling off significant amounts of BTC. S... Read Summary

Dec 20, 12:36 pm

Decrypt

College Football Prospect Matai Tagoa’i Signs Bitcoin Contract With University of South Carolina

College football prospect Matai Tagoa’i will receive part of his earnings in Bitcoin through an NIL deal with USC. NFL s... Read Summary

Dec 20, 12:14 pm

Decrypt

Tornado Cash Co-Founder Roman Storm Argues Charges Against Him Should Be Dropped

Roman Storm, co-founder of Tornado Cash, seeks to dismiss charges following the Fifth Circuit ruling that OFAC overstepp... Read Summary

Dec 20, 11:47 am

The Defiant

Hackers Stole $2.2 Billion in 2024, Mostly by Compromising Private Keys

In 2024, hackers stole $2.2 billion, primarily through private key compromises, with a significant increase from the pre... Read Summary

Dec 20, 11:39 am

Decrypt

Coinbase Transaction Revenue Surpasses Nasdaq and HKEX, but Lags Behind LSE

According to a crypto analyst, Coinbase has surpassed the Nasdaq and HKEX in transaction revenue, generating $5.75 billi... Read Summary

Dec 20, 5:07 am

Decrypt

Nasdaq and Cboe Exchange Approved to List First Bitcoin-Ethereum ETFs

The SEC has approved the first spot exchange-traded funds combining Bitcoin and Ethereum, with Nasdaq and Cboe BZX Excha... Read Summary

Dec 20, 1:52 am

Decrypt

Dogecoin, Meme Coins Tumble as Market Takes a Breather

Dogecoin (DOGE) plummeted 12.4% in the last 24 hours due to a broader market decline triggered by the Federal Reserve's... Read Summary

Dec 19, 11:08 pm

Decrypt

Craig Wright Found in Contempt for Claiming to Be Satoshi Nakamoto, Again

Craig Wright, ruled not to be Satoshi Nakamoto, was found in contempt for claiming to be Nakamoto and suing in Nakamoto'... Read Summary

Dec 19, 10:52 pm

Decrypt

Formula 1 and Crypto.com Extend Partnership Through 2030

The partnership between Formula 1 and Crypto.com has been extended through 2030, with Crypto.com maintaining a prominent... Read Summary