Bhutan Sells $37M Bitcoin, Profiting from Cheap Hydroelectricity
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bhutan accelerates Bitcoin sales, transferring over five hundred nineteen coins worth thirty-seven million dollars to an external wallet, totaling one hundred fifty-two million dollars this year. The kingdom, known for state-run mining powered by cheap hydroelectricity, has seen a significant drop in holdings from thirteen thousand to four thousand four hundred fifty-three coins, now valued at three hundred fifteen million dollars. Recent sales, often to Singapores QCP Capital, indicate planned over-the-counter deals, with officials yet to comment on the pledge to commit ten thousand coins for a mindfulness city project.
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