Bhutan, a Himalayan nation with fewer than 1 million people, has accumulated over $780 million in bitcoin, representing nearly a third of its GDP, through mining operations run by state-owned Druk Holdings.

The mining operations are linked to Bitdeer, which has been expanding mining facilities in the country and aiming for a 600 megawatt capacity by 2025.

Bhutan's investment in digital assets is part of a broader strategy by Druk Holdings to diversify revenue streams, with recent wallet activity showing both deposits and withdrawals, including significant transactions with exchanges like Kraken.