Bhutan's state-mined Bitcoin holdings become publicly identified
Arkham publicly identifies more than 13,000 BTC linked to Bhutan's government-backed mining operations.
On September 16, 2024, Bhutan's state-mined Bitcoin holdings become publicly identified. Arkham publicly identifies more than 13,000 BTC linked to Bhutan's government-backed mining operations.
Arkham publicly identified addresses it attributed to Bhutan's state investment arm and said the holdings came from government-funded mining rather than law-enforcement seizures. That origin distinguished Bhutan from most known sovereign Bitcoin holders.
The event records a change in the physical, regulatory or coordination infrastructure that secures Bitcoin through proof of work.