On June 27, the CEO of SatoshiActFund, Dennis Porter, highlighted a significant development in Bhutan's financial strategy. The Himalayan kingdom, renowned for its Gross National Happiness index, has amassed a Bitcoin reserve valued at $1.3 billion, constituting nearly 40% of its GDP. This revelation underscores Bhutan's strategic move into the digital asset realm, positioning it as a leader in crypto innovation among governments.

The initiative to mine Bitcoin originated from Bhutan's king, Jigme Khesar Namgyel Wangchuck, who sought technological solutions to bolster the economy. The country's abundant hydropower resources made it an ideal location for crypto mining, which demands substantial energy. Mining operations commenced during the pandemic, when Bhutan was isolated from the outside world. The project began with just two computers and has since expanded to four state-owned mines, capitalizing on the surge in Bitcoin's price from under $10,000 in 2020 to around $100,000 today. This growth has helped offset declines in hydropower exports and financed pay hikes for civil servants.

Looking ahead, Bhutan plans to retain its Bitcoin reserve for the long term and upgrade existing mines rather than build new ones.

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Another day to remind all of us that long-term investment into bitcoin can never go short of being very profitable. As we can see from above their mining activities which started from during the pandemic has helped them fix their economy to a very large extent. What impresses me most is that they started off with two computers or so and have now upgraded to four state-owned mines reiterating the ability to start small in your investment into bitcoin and increase overtime for more profitability.