365Crypto
Bhutan keeps surprising the crypto world. The small Himalayan nation just staked 320 ETH — worth about $970,000 — through Figment. The move strengthens its growing validator setup and shows the country is not slowing down on digital assets.
Figment handles staking for large players and secures proof-of-stake networks. Bhutan using it signals the country wants reliable infrastructure instead of experimenting with risky DIY setups.
This push follows a big shift in October when Bhutan moved its national digital ID system from Polygon to Ethereum. The system lets citizens verify identity and reach public services. Leaders say everyone will be fully moved over by early 2026.
Bhutan’s crypto history goes deep. It mined Bitcoin quietly in 2019 using hydropower and now holds over 6,100 BTC. Tourism projects even accept crypto payments, supported by Binance. The country’s activity mirrors the rising influence of major BTC holders like Michael Saylor and long-silent whale Satoshi Nakamoto.
Footing:
Proof-of-stake: a blockchain method where validators lock coins to secure the network.
Validator: a node that checks transactions and earns rewards.
Hydropower mining: using water-powered electricity to run Bitcoin mining machines.
