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.

According to the source, the Royal Government of Bhutan reportedly holds $982M in crypto with the vast majority in BTC and just 0.073% in ETH (about $717K), as stated in a social media post on X dated Sep 21, 2025 (source: X social media post, Sep 21, 2025). Bhutan’s state investment arm, Druk Holding & Investments (DHI), previously announced a partnership with Bitdeer to build large-scale, carbon-free Bitcoin mining operations in Bhutan, indicating state-linked BTC activity (source: Bitdeer Technologies Group press release, May 3, 2023; Bitdeer SEC filings, 2023). DHI also appeared in U.S. bankruptcy court materials related to Celsius, highlighting prior involvement with crypto platforms (source: U.S. Bankruptcy Court SDNY, Celsius Network LLC, Case No. 22-10964, 2023 filings). For trading, monitor on-chain wallets attributed to DHI by blockchain analytics and watch BTC and ETH liquidity during Asia hours for unusual flows that could follow sovereign treasury activity (sources: Arkham Intelligence entity attribution for Druk Holding & Investments; Kaiko Research liquidity reports 2023–2024).

According to Crypto Rover, publicly traded miner Bitdeer has purchased 50 Bitcoin for $4 million. This acquisition comes at a time when large companies are buying while retail investors are reportedly selling. This move could indicate a strategic positioning by Bitdeer in anticipation of potential market shifts.

According to Farside Investors, the latest Bitcoin miner production figures for July 2024 have been released. CleanSpark (CLSK) produced 494 BTC, Riot Platforms (RIOT) mined 370 BTC, Core Scientific (CORZ) generated 411 BTC, Cipher Mining (CIFR) produced 178 BTC, Bitfarms (BITF) mined 253 BTC, HIVE Blockchain (HIVE) generated 116 BTC, TeraWulf (WULF) produced 195 BTC, and Bitdeer (BTDR) mined 181 BTC. The production figures for Marathon Digital (MARA), Iris Energy (IREN), and Hut 8 Mining (HUT) are yet to be reported.