This is insane! 13,000 Bitcoins is a massive amount. I’m curious how Bhutan plans to manage and sell those without crashing the market. It’s fascinating to see such a small country outpacing others like El Salvador in this space.
Bhutan holds over 13,000 Bitcoins, valued at more than $780 million, surpassing El Salvador. The country uses its hydroelectric power for sustainable Bitcoin mining, partnering with Bitdeer and Foundry USA. Plans are underway to expand mining capacity to 600 megawatts by 2025.
This is insane! 13,000 Bitcoins is a massive amount. I’m curious how Bhutan plans to manage and sell those without crashing the market. It’s fascinating to see such a small country outpacing others like El Salvador in this space.
Wow, I had no idea Bhutan was into Bitcoin like this! Using hydroelectric power for mining is a brilliant move. It’s great to see a country prioritize sustainability while tapping into crypto. I wonder how this will affect their economy in the long run.
I can’t believe Bhutan is leading the pack with Bitcoin holdings! Makes you think about the potential of smaller nations in the crypto world. They’re really showing that size doesn’t matter when it comes to innovation.
btc death spiral will be astonishing 😆
I think it’s impressive how Bhutan is leveraging its natural resources. Their partnership with Bitdeer and Foundry USA shows they’re serious about scaling up. If they hit that 600 MW target, it could really change the narrative around crypto mining. Would love to see more countries follow this model.
I’m really interested in how the local population feels about this. Are they seeing any benefits from the mining operations? It’s cool that they’re using clean energy, but I hope the community is involved in these decisions.
The block reward is supposed to be replaced with transaction fees over time