These decisions suggest distinct economic and energy strategies for the two countries. I believe that Bhutan relies on its natural resources, while Germany takes a more conservative approach. This shows me how much the perception and use of cryptocurrencies can vary.

It would be quite funny if these accounts were quite related.
Their holdings wasn't bought but was as a result of mining.

https://bt.irlbtc.com/view/5509950.msg64558124#msg64558124

Lots of thread about this topic has been opened before not to mention it's almost a month old.

I’ve seen this thread before. I thought OP was saying that aside from the bitcoins they mined, they also purchased $780 million worth. But actually, that was just the total value of their mined bitcoin, which keeps changing due to bitcoin's price volatility. If he had watched the video in OP's link, he might understand it better.

They got it mostly from mining, not from investment.
https://platform.arkhamintelligence.com/explorer/entity/druk-holding-investments

They did it since May 2023. This nation is abundant electricity from hydro power and they made good decision to use their own made electricity for Bitcoin mining, rather than exporting it to neighbor countries.

Bhutan’s Bitcoin Holdings Revealed.

People make up the government right? Yeah, and if you enter the bitcoin market, there are always sell orders and buy orders, those sell orders and buy orders did not place themselves, they were placed by people, real people like those in the government.

So, if a government decide to sell their bitcoin when another government is deciding to buy and hold bitcoin, it's their both and individual decision, same way you can decide to buy some bitcoin while I myself may decide to sell mine instead for our respective reasons.

The German government possibly have a reason why they decided to sell off their bitcoin, and if the government of Bhutan decided to invest in bitcoin, they also have their own reason as well, there ain't anything odd here because the crypto market is always in "soldier go, soilder come" mode, which means, as an investor is leaving, another investor is coming in, simple as ABC.

The decision officially adopted by Bhutan Government is of course appreciable. I congratulate them for taking such a decision. Today, where many of the big countries do not dare to invest in Bitcoin, countries like Bhutan have certainly led the whole world in investing in Bitcoin. But I see relatively small countries investing in Bitcoin first. A holder has the right to sell his assets at any time as per his wish. I think the decision that Germany took is up to them, but almost everyone now realizes that they took a wrong decision.

Many changes happen because of a decision and fall also happens by the decision. Today, while the world is singing the praises of Bitcoin, Bitcoin is loved by many, while many may also revile it. Today the United Arab Emirates has legalized Bitcoin in its country El Salvador has officially approved all things in cryptocurrency so that citizens of that country can get a better idea of ​​Bitcoin. Recently Such initiative of Bhutan must be followed by other countries of the world.

Never encountered any individual here coming from Bhutan so we don't exactly how their government is doing with respect to this market. But as it seems, they are like isolated country and they can basically do anything quietly.


Every country has their own take when it comes to crypto. Some will sell the seized coins, whereas, others will be willing to mine the coins to store in their vaults. Either way, it is up to them how they will approach this market and see the advantages that it can do to their economy.

I guess it's because it's different thing, seized asset is an object of law, therefore highly tied to legal frameworks and regulation. Bhutan's mined BTC on the other hand is not.

Bhutan holding BTC is cool and all but it's just entirely different context that I won't compare between the two.
so I still won't consider Bhutan truly intending to invest in it. but the fact that bhutan holds so much BTC is a really interesting headlines indeed.

They have abundance of electricity as this country has put up a plan in the 80's if I'm not mistaken. So by the now, they have surplus of electricity and the government think that it's better to mine Bitcoin and now they are reaping the fruits of their labor so to speak.

And for Germany, it was a seized Bitcoin, meaning it those came for illicit activity and they deemed it that way.

Even US has been reported to auctioned seized Silk Road Bitcoin worth billions. I guess every government has it's own regulation as far as owning or selling their Bitcoin.