Since 2020, the Kingdom of Butan has been actively developing its own mining industry and mines bitcoins due to the excessive capabilities of the hydropower. Mining is carried out through six farms, which is managed by Green Digital, a subsidiary of the State Fund of Butan Druk Holding & Investments (DHI), in partnership with the Singapore company Bitdeer Technology, which provides technology and infrastructure for mining.
As of June 2025, DHI controls more than 12,000 BTC, which is equivalent to $ 1.3 billion and amounts to almost 40% of the country’s GDP. Butan took the third line in the ranking of the owners of state reserves in Bitcoin after the United States (198,012 BTC for $ 18.3 billion) and the UK (61,000 BTC for $ 5 billion). At the same time, unlike the United States and the UK, Butan did not buy cryptocurrency in the foreign market and did not confiscate it, but focused exclusively on mining.
Earlier, the Kingdom of Butan in partnership with Binance Pay and the local DK Bank digital bank announced the launch of the national payment cryptocurrency system that allows foreign tourists to pay for services in more than 100 digital assets.
Source: Bits
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