CZ Praises Bhutan’s Strategy of Accumulating Crypto

Binance co-founder Changpeng Zhao applauded Bhutan’s approach to building crypto reserves at TOKEN2049, highlighting the country’s leadership in Bitcoin adoption.

CZ Hails Bhutan as a Crypto Strategy Role Model

At TOKEN2049 in Dubai, Binance co-founder Changpeng Zhao praised Bhutan’s strategic accumulation of digital assets. He emphasized that Bhutan is already among the most advanced nations in adopting cryptocurrencies for sovereign reserves.

Zhao noted that Bhutan has been quietly mining Bitcoin using renewable hydropower for years, building a robust national crypto treasury.

Bhutan’s Reserves Include BTC, ETH, and BNB

Bhutan’s sovereign wealth fund Druk Holding & Investments began mining Bitcoin in 2019. This activity became public only in 2023 through the BlockFi bankruptcy case. Today, Bhutan’s crypto reserves exceed $1.1 billion.

The Gelephu Mindfulness City project has also embraced Ethereum and Binance Coin as part of a sustainable investment strategy.

A Model for Sovereign Crypto Adoption

As the world explores digital asset integration, Bhutan stands out for combining environmental sustainability with strategic investment. Being the world’s only carbon-negative nation, it offers a pioneering example of green crypto mining.

CZ’s praise for Bhutan may inspire other governments to view crypto as a viable component of their long-term financial strategies.