United

Bitcoin

Happiness

Arkham

As more <a href="https://coinpedia.org/news/bitcoin-news-eleven-us-states-prepare-strategic-btc-reserve-legislation/" target="_blank" rel="noreferrer noopener">nations adopt Bitcoin (BTC)</a> as a hedge against the devaluation of fiat currencies, Bhutan has become a key supporter. According to on-chain data from Arkham Intelligence, the Royal Government of Bhutan has purchased nearly 14,000 Bitcoins since early 2021, signaling a strategic move into the cryptocurrency market.   
<h2 class="wp-block-heading" id="h-slowing-down-bitcoin-purchases">Slowing Down Bitcoin Purchases</h2>   
However, in recent months, <a href="https://coinpedia.org/crypto-live-news/bhutan-accumulates-1-1b-in-bitcoin-with-34-of-total-gdp/" target="_blank" rel="noreferrer noopener">Bhutan’s pace of Bitcoin accumulation</a> has slowed. In the past two months alone, addresses linked to the Royal Government of Bhutan have sold more than 1,000 Bitcoins. Earlier today, the government transferred 406 Bitcoins, <a href="https://intel.arkm.com/explorer/entity/druk-holding-investments" target="_blank" rel="noreferrer noopener">worth around $40 million</a>, to QCP Capital.   
Bhutan now holds approximately 12,000 Bitcoins, making it the seventh-largest BTC holder among countries with <a href="https://coinpedia.org/news/michael-saylor-urges-us-to-establish-bitcoin-reserve-amid-trumps-pro-crypto-stance/" target="_blank" rel="noreferrer noopener">strategic Bitcoin reserves.</a>   [post_titles_links postid="390477"]   
Measuring Success with Gross National Happiness   
Unlike most nations that measure economic growth with Gross Domestic Product (GDP), Bhutan uses Gross National Happiness (GNH) to assess the well-being of its people. As Bitcoin has increasingly been recognized as "digital gold" by global powers such as the United States and Russia, it’s likely that Bhutan’s Bitcoin holdings have played a role in boosting its GNH.   
<h2 class="wp-block-heading" id="h-green-energy-for-the-win">Green Energy for the Win</h2>   
Bhutan’s Bitcoin strategy is also supported by the country’s abundant green energy, generated mainly through hydroelectric power. The Royal Government has backed Druk Holding &amp; Investments (DHI), a key player in driving the adoption of digital assets. DHI has contributed 25% of the country’s GDP through its tech investments over the years.   
Bhutan is charting a forward-thinking course that may inspire nations worldwide. This is a story to watch!   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]

Royal Government of Bhutan Cuts Bitcoin Reserves, Transfers 406 BTC

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