Bhutan Secretly Pours Millions Into Bitcoin, Ether & Other Crypto
The crypto currency industry is no longer in its nascent stage. Almost every part of the world is now aware of this market, and some have even started embracing these digital assets. Bhutan , a nation in the midst of the Himalayas, turned out to be one of them. The country has been covertly investing millions of dollars in Bitcoin [BTC] and other crypto currencies. The country has been employing now-defunct firms BlockFi and Celsius for their cryptocurrency investments. Their interests, however, have been hidden from the general public due to the insolvency of the firms. According to court filings, BlockFi and Celsius were clients of Bhutan ’s $2.9 billion state investment arm, Druk Holding & Investments [DHI]. Forbes brought this information to light in a recent report. While Druk Holding & Investments is in charge of overseeing a portfolio of domestic assets, Druk has also been discreetly building a portfolio of crypto assets since at least 2022. It was ...