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Bhutan Has Been Secretly Mining Bitcoin for Years

So, Bhutan's been secretly mining Bitcoin for years now, huh? Druk Holding and Investments (DHI), the country's government-owned company, has finally spilled the beans. They've been in the Bitcoin game since the price was a mere $5,000. And they're playing it smartly too – not directly buying or selling, but using the profits from sales to cover mining costs. Pretty clever, Bhutan.

But wait, there's more! DHI ain't just about FOMO. Nope, they're building a top-notch team of Bitcoin pros, taking advantage of regulated exchanges worldwide. And remember when we found out Bhutan had millions invested in Bitcoin and digital assets after the whole BlockFi and Celsius mess? Well, the CEO himself, Ujjwal Deep Dahal, explained that the loans they took from those platforms were used to back other investments, and their Bitcoin mining profits covered any losses. Smooth move, Bhutan!

And here's the cherry on top: Bhutan's Bitcoin mining runs on renewable energy, mainly hydroelectric projects. That's right, they've got a surplus of green electricity, making it the perfect spot for some eco-friendly Bitcoin mining. Bhutan, you sneaky little kingdom, you've been playing the Bitcoin game like a boss!

Source: No BS Bitcoin

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