The Royal Government of Bhutan, through its investment arm Druk Holdings, has transferred 406 Bitcoin (BTC), worth approximately $40 million, to QCP Capital.
This transaction marks Bhutan’s emerging presence in the global crypto market, with the country holding an astonishing 12,202 BTC worth $1.2 billion.
The investment strategy of the Himalayan kingdom is grabbing eyeballs as it seamlessly merges age-old economic principles with high-tech digital asset strategies. Bhutan’s decision to invest in Bitcoin underlines its belief in the long-term potential of the cryptocurrency.
This latest transfer is an example of Bhutan actively managing its crypto portfolio, always ensuring alignment with its broader financial goals. Analysts think this move may have something to do with Bhutan’s strategy in diversifying risk, yield-generating activity, or funding innovative ventures in the crypto ecosystem.
Druk Holdings has established a steady reputation for innovative financial management by balancing the kingdom’s philosophy of Gross National Happiness with modern investment approaches.
With Bitcoin prices fluctuating, Bhutan’s bold crypto holdings test its confidence in the transformative power of blockchain technology.