Bhutan’s investment arm, Druk Holdings, holds more than 13,000 BTC, which is more than double El Salvador’s stash.
The South Asian country of Bhutan is apparently a major Bitcoin holder with even more of the cryptocurrency than El Salvador.
On Sept. 16, onchain analytics platform Arkham Intelligence pointed to a group of addresses holding 13,029 BTC (around $758 million), claiming it is the first to publicly identify Bhutan’s Bitcoin holdings.
It added that these holdings come from Bitcoin mining operations carried out by the Kingdom of Bhutan’s investment arm, Druk Holdings (DHI).
