The decision follows Bhutan’s successful venture into Bitcoin mining, which began in 2017 when Bitcoin traded below US$5,000.
Leveraging its abundant hydroelectric power, the tiny nation has seen nearly twentyfold returns on these early mining investments, with Bitcoin now trading near US$100,000. The country’s Bitcoin holdings now exceed US$ 1 billion, ranking it fifth globally behind the US, China, the UK, and Ukraine.
GMC’s strategy focuses on high-capitalization digital assets with deep liquidity, including Bitcoin, Ether, and BNB.
“GMC intends to recognise digital assets that have large market capitalisations and deep liquidity to ensure that they can be easily bought and sold with minimal price impact,” the administration stated.
The initiative builds on Bhutan’s distinctive economic approach, which measures success through its Gross National Happiness Index rather than traditional GDP metrics. The country of 787,000 people has previously demonstrated innovation in the crypto space, including a US$500 million green crypto mining partnership with Bitdeer Technologies.
The region plans to establish a comprehensive regulatory framework through GMC Law No. 1 of 2024 to attract blockchain companies and financial service providers. A high-level summit planned for March 2025 will bring together global leaders to discuss digital asset reserve strategies.
Bhutan’s approach offers a model for integrating cryptocurrency into national reserves while maintaining focus on sustainability and economic innovation.
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