The small nation’s Ether staking adds to its expanding blockchain activity as it remains one of the few governments holding Bitcoin.
Blockchain data shows the Royal Government of Bhutan has staked 320 Ether (ETH) worth about $970,000 through Figment, marking the latest onchain activity from the Himalayan state as it expands its crypto holdings and validator operations.
Figment is a staking provider that helps large investors and institutions stake digital assets across multiple blockchains and earn rewards for securing proof-of-stake networks.
The move adds to a growing wave of Ethereum-focused activity from Bhutan. In October, the South Asian nation of roughly 800,000 people began migrating its self-sovereign digital ID system from Polygon to Ethereum, allowing residents to verify their identities and access government services on the network.
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