According to the source, Bitdeer increased its pure holdings to 2,126.8 BTC, reflecting additional BTC retained on its balance sheet rather than distributed to market. source: X post dated Oct 19, 2025 referenced in the prompt. For traders, rising miner balances are commonly associated with lower immediate sell pressure and are tracked via metrics such as Miner Reserves and Miner to Exchange Flows. source: Glassnode Academy, explanations of Miner Net Position Change and Exchange Flows.

According to the source, Binance founder Changpeng Zhao (CZ) said he met the King of Bhutan in the Himalayas and discussed crypto; his post did not disclose any partnership, policy, or investment details. Source: CZ on X, Sep 29, 2025. Bhutan’s sovereign investment arm Druk Holding and Investments (DHI) has an existing collaboration with Bitdeer to develop hydro-powered Bitcoin mining in Bhutan, with plans referenced up to 600 MW, providing the clearest listed-market linkage via Bitdeer (NASDAQ: BTDR). Sources: Bitdeer Technologies Group press release, May 3, 2023; DHI statement, May 2023; NASDAQ listing data. Until new official disclosures emerge, the tradable focus is monitoring BTDR and broader BTC mining benchmarks for any Bhutan-related operational updates, as these are the only directly verifiable ties from public records. Sources: Bitdeer investor relations materials (2023–2024); CZ on X, Sep 29, 2025.