That's just insane and interesting, to say the least.
I am also interested as someone out there how they get their electricity in abundance. More analysis is needed.

Despite being the smallest country in South Asia, Bhutan has managed to hold its own on the world stage in cryptocurrency. Bhutan has now become the fifth largest Bitcoin holder in the world, having already accumulated over 13,000 Bitcoins in its investment portfolio. Which has a current market value of around more than eight hundred million dollars which has solidified their position in the cryptocurrency landscape. Not only Bitcoin, this country has more than 600 Ethereum in its investment portfolio.
Moreover, although El Salvador is the first country in the world to accept Bitcoin as legal tender, they still lag behind Bhutan in terms of Bitcoin holdings. If we enter here we will be able to accurately know the total bitcoin holdings of various bitcoin holding countries.
Bitcoin Holdings of Countries & Governments

They made a very smart decision because if they sell their abundant electricity, export it to other nations, they will only get a fair paid money at that time. By investing the abundant electricity to Bitcoin mining, they will get an asset that increases its value and price with time.

You will not find any better national investment decision than this. People can agree or disagree with this decision from Bhutan but figures show fact and it proves that Bhutan government did a very great thing for their nation and citizens too. Profit from Bitcoin mining can help their national budget and citizens will get benefit from it too.

ROI table show this fact and explains the financial-wise decision of Bhutan.
https://casebitcoin.com/

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Bhutan does not buy bitcoin, they mine it, it all started with the fact that they began to accumulate excess electricity, since they have conditions for the placement of hydroelectric power plants, and the population is small, they can afford it. Moreover, this is green energy that does not harm the environment. And in 2024 it became known (thanks to satellite images) that Bhutan built a very solid mining farm, hence it is clear that they are serious about continuing to accumulate bitcoin, but it looks like they will continue to mine bitcoin.

This news does not surprise me. The Kingdom of Bhutan is a very progressive (albeit small in area and population) state.

It is the only country in the world where maximizing happiness for all residents of Bhutan is directly stated as a goal (in the Constitution of this country). The use of chemical fertilizers is prohibited in the Kingdom of Bhutan. All harmful industrial production is also prohibited.

Smoking and air pollution with nicotine are prohibited in this state. The Kingdom of Bhutan has excellent asphalt roads, which are pleasant and safe to drive on. All residents are required to learn English.

The Kingdom of Bhutan is ruled by a progressive and enlightened monarch who is interested in innovation and supports scientific and technological progress.

Therefore, the Kingdom of Bhutan created a reserve fund of Bitcoins. I am sure that in the future, all states will do the same. Bitcoin will become the world reserve currency and an integral part of the gold and foreign exchange reserves of all central banks.

Okay, how much does bitcoin cost, when was it calculated, I wish the number of bitcoins was stated.
Small countries like Bhutan and El Salvador are evaluating Bitcoin adaptation and mining as a last resort as a starting point, and this desperation may have already put them on the right path.

As the price of Bitcoin will go up so will the holdings of Bhutan government in Bitcoin. Its a good test case for governments of the world to study and figure out how they can invest in Bitcoin. I wish government of Pakistan (my country) has invested in Bitcoin so they might not be running after IMF for loan package. It's a positive indication that few governments have shown interest in Bitcoin and in future might be big powers also jump in.