📊 I took a look at the latest Bitcoin Holdings rankings of various countries, quite interesting.

As of April this year, the total number of BTC held by governments around the world is 463,741 coins. Where did these coins come from? Confiscated, donated by others, purchased by themselves, mined, a variety of sources. In total, it accounts for about 2.3% of the total supply of BTC.

💧 The most special is the small country of Bhutan – currently the only country in the world that accumulates national reserves through hydropower mining. They utilize the hydropower resources of the Himalayas and continue to mine, and now the stock has reached 8,594 coins.

To be honest, when governments of various countries started to treat BTC as a strategic asset for holding, the dynamics of this market indeed changed.

BTC-6.04%

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NonFungibleDegen

· 7h ago

yo governments are literally aping in now... bhutan flexing with that hydro mining setup is actually genius tho ngl. if nations start treating btc like reserve assets this whole thing gets different fr

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BrokenYield

· 11-29 22:38

govs accumulating 2.3% of supply... cute. wait till liquidity dries up and everyone realizes they're all bagholders. bhutan's hydroelectric play is legit tho, at least someone's thinking about correlation matrices instead of pure speculation.

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EyeOfTheTokenStorm

· 11-28 16:53

Government buying the dip? 2.3% doesn't sound like much, but this is the real long-term allocation logic. I'm impressed by that operation in Bhutan; the cost structure of hydropower Mining directly crushes the global competition. This is what we call sustainable strategic reserves... It should have been done like this long ago.

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LadderToolGuy

· 11-28 16:43

Bhutan's operation is amazing, relying on mountains and rivers for Mining and Coin Hoarding, this is what true sustainable development is called.

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CommunityLurker

· 11-28 16:39

Bhutan's recent actions are truly remarkable, relying on its natural resources to support its coin, and Bitcoin mining can even become a national policy.

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MechanicalMartel

· 11-28 16:33

Bhutan's move is incredible, using hydropower for Mining and Coin Hoarding, this is a dimensionality reduction strike!

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BearMarketSurvivor

· 11-28 16:32

Bhutan's hand is amazing, relying on natural hydropower to mine for free, this is the true national-level money-making rule.

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OldLeekMaster

· 11-28 16:28

The trap in Bhutan is really amazing, relying on mountains and water to make a living, even Bitcoin is mined for nothing.