In what can only be described as a dash of royal eccentricity mixed with a hefty dose of modern capitalism, the Kingdom of Bhutan has decided to dip its toes-or rather, its entire treasury-into the murky waters of cryptocurrency. Recent data suggests that the Himalayan nation has staked a princely sum of 320 Ether (ETH), roughly $970,000, through the clever services of Figment, a staking provider that seems to be busily assisting large financiers in turning digital tokens into yet more shimmering digital tokens. Because, who needs gold when you’ve got on-chain assets? 💰
Figment, ever the diligent middleman, facilitates the grand game of staking, helping institutions-probably including Bhutan-capitalize on proof-of-stake networks. This latest move is just the cherry on their blockchain sundae, adding yet another droplet to Bhutan’s increasingly prosperous crypto cup. The nation, which has about the population of a midsize town, has been steadily transforming from a serene Buddhist enclave into a Hub of Digital Ambition.
Earlier in October, Bhutan’s government embarked on a bold digital migration: swapping out polygons for Ethereum-a swap that does sound more like a culinary shift than a blockchain update, but no matter. This allows citizens to authenticate identities and access state services via the ethereal ether, all in a move that would make even the most jaded investor raise an eyebrow. All resident credentials are expected to be fully migrated by early 2026, according to none other than Ethereum’s top cheerleader, Aya Miyaguchi, speaking alongside tech luminaries Vitalik Buterin and Bhutan’s Prime Minister, Tshering Tobgay. Truly, it’s a high-altitude tech summit with a side of yak milk. 📈
Bhutan’s Crypto Ascendancy: From Mountain Streams to Digital Streams
Long before the blockchain craze, Bhutan was quietly accumulating Bitcoin, leveraging its bountiful hydropower to mine the grand ol’ cryptocurrency in 2019. Now holding approximately 6,154 BTC-worth a staggering $562 million-one might say they’re playing a long game while the rest of us contemplate the next tweet or meme. It’s as if the country has discovered that you can harness rivers to fuel your crypto ambitions and smoke a little of that mountain haze. 🌄
Come July, plans were unveiled to attract the younger, more crypto-savvy crowd-perhaps those who prefer paying for their momo with a quick scan rather than wading through stodgy bank procedures. Supported by Binance, the effort has already onboarded nearly a thousand merchants, modernizing transfers and making the tourists’ wallets a little happier, if not richer.
This bold move echoes the larger trend of institutions hoarding Bitcoin-big fish, whale-sized holdings, and all-turning the once obscure digital asset into a serious financial power. Michael Saylor, a man who has seemingly made it his life’s work to hoard Bitcoin, holds just shy of 650,000 BTC, with Marathon still lagging at a cool 50,000-plus. As for Satoshi? The mysterious founder still beats them all, allegedly controlling over 1.1 million BTC, or enough to make even the most jaded speculator raise an eyebrow.
And so, as Bhutan elevates itself from peaceful serenity to a crypto-enabled frontier, one can only wonder-what’s next? Electric yaks? Blockchain monasteries? The sky’s the limit when your mountain top is topped with a crown of digital gold. 🚀
Read More
- UNI PREDICTION. UNI cryptocurrency
- APT PREDICTION. APT cryptocurrency
- EUR IDR PREDICTION
- EUR PHP PREDICTION
- USD PHP PREDICTION
- EUR THB PREDICTION
- SPX PREDICTION. SPX cryptocurrency
- ICP PREDICTION. ICP cryptocurrency
- EUR AED PREDICTION
- Gold Rate Forecast
2025-11-28 01:35