Bhutan quietly built a major Bitcoin reserve by mining with hydropower starting in 2019, eventually accumulating more than 13,000 BTC. That position grew to a scale approaching 40% of the country’s GDP, despite remaining largely out of public view. The strategy shows how a small nation can use renewable energy and long-term crypto exposure as a sovereign asset play. Bhutan also sold part of its holdings in recent months, releasing more than $200 million into the market in 2026 to fund infrastructure and national development while continuing to mine. The broader implication is that Bitcoin is no longer just a speculative trade for retail investors or institutions. Governments, corporations, and now even smaller states are increasingly treating it as a strategic reserve asset, reinforcin
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