As a London-based crypto analyst with five years in blockchain research, I’ve seen few governments make such bold moves. Bhutan, leveraging hydropower and institutional discipline, now holds $1.3B in BTC—40% of its GDP. This isn’t speculation; it’s strategic infrastructure. With six mining facilities and partnerships from Bitdeer Technologies, Bhutan has quietly become the world’s third-largest sovereign Bitcoin holder. A case study in energy-backed digital sovereignty.