10 hours ago
- Business
- Wall Street Journal
A Remote Himalayan Kingdom Bet Big on Bitcoin Mining. So Far, It Has Paid Off.
THIMPHU, Bhutan—The tiny Himalayan kingdom of Bhutan is best known for its stunning landscapes and national happiness index. Lately it has earned a new reputation: crypto pioneer.
Bhutan now boasts a stash of bitcoins worth $1.3 billion, or roughly 40% of the country's gross domestic product, according to cryptocurrency platform Arkham. It is the third-largest such stockpile held by governments, according to Arkham.
