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.