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Bhutan’s Crypto Mining Strategy Yields $66 Million Bitcoin Transfer to Binance

  • Bhutan transfers over $66 million in BTC to Binance, following a significant transaction to Kraken in July.
  • The country’s Bitcoin mining initiative started in 2019, has significantly boosted government revenue.
  • Bhutan uses its hydroelectric infrastructure to sustainably mine BTC, increasing revenue in one of Asia’s poorest regions.
  • Bhutan still holds over $897 million in cryptocurrency assets, with the vast majority of these tokens being Bitcoin and Ethereum.

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