Bhutan, once dubbed the happiest country, has become one of the few sovereign wealth funds in the world to directly hold BTC, with its BTC value accounting for 34% of the domestic GDP. (Background: Bhutan mining BTC》Bit Deer is deploying 23,000 Mining Rigs, estimated to mine 6 BTC per day) (Background: Bhutan's BTCHoldings account for one-third of GDP, could BTC become a new global reserve?) Located at the foot of the Himalayas, Bhutan, a mysterious kingdom once known as the 'happiest country in the world,' continues to strengthen its presence in the cryptocurrency market. According to Forbes, Bhutan's sovereign wealth fund, Druk Holdings & Investments (DHI), has invested tens of thousands of dollars in digital assets such as BTC and Ethercoin. According to Arkham data, Bhutan holds 12,207 BTC, valued at $1.17 billion, accounting for 40% of its annual GDP. (According to World Bank data, Bhutan's GDP in 2022 was $2.898 billion) Bhutan's CryptocurrencyHoldings are mainly concentrated in BTC and Ethercoin, as follows: BTC (BTC): 12,207 coins, with a total value of approximately $1.17 billion. Ethercoin (ETH): Approximately 656 coins, with a total value of approximately $2.03 million. Hydroelectric power supports the Mining business In addition to direct purchases, Bhutan's advantageous natural conditions provide strong support for its CryptocurrencyMining business. DHI confirmed to local media The Bhutanese that as early as when the price of BTC was only $5,000, Bhutan had already entered the Mining field using its abundant hydroelectric resources. About 72% of the country's hydroelectric power is exported to India, with hydroelectric power revenue accounting for 30% of GDP. Furthermore, the natural cooling environment in the high mountain regions further reduces Bhutan's Mining costs, creating a unique advantage in the global Mining market. Global government BTC holdings ranking Just to supplement, according to Treasuries data, as of early October 2024, governments of various countries collectively held 529,365 BTC, worth approximately $50 billion at the current market price, accounting for 2.521% of the total fixed BTC supply (21 million coins). Bhutan ranks fifth, entering the ranks of major holding countries globally. Main country holdings ranking: United States: 207,189 BTC, ranking first. China: 194,000 BTC, ranking second. United Kingdom: 61,000 BTC. Ukraine (government): 46,351 BTC. Bhutan: 13,029 BTC. El Salvador: 5,748.8 BTC. Finland: 1,981 BTC. Georgia (government): 66 BTC. Druk Holdings & Investments established in 2007 Druk Holdings & Investments, the sovereign wealth fund established in 2007, was founded under the royal charter of Bhutan's King Jigme Khesar Namgyel Wangchuck, and the fund's managed assets cover various fields from cheese production, hydroelectric power to Bhutan Royal Airlines. Related reports Bhutan's national BTCHoldings account for one-third of GDP, could BTC become a new global reserve? Bhutan's sovereign fund Holdings 'tens of thousands of dollars' in BTC, Ethereum! The 'happiest country' Bhutan secretly mining BTC! Entered the Mining when the value was $5,000〈Bhutan's BTCHoldings account for 40% of GDP! How to redefine 'happiness economy' with Cryptocurrency〉This article was first published on BlockTempo, the most influential blockchain news media in the dynamic area.