Bhutan Government Stakes 320 ETH via Figment for Ethereum 2.0

• The Bhutan Government stakes 320 ETH through Figment, adding 10 validators.
• Bhutan is expanding its role in blockchain adoption and institutional participation in Ethereum staking.

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On-chain trackers recently showed the Bhutanese government staking 320 ETH via a Figment-run validator for Ethereum 2.0. The stake, worth between $920,000 and $970,000 when it was made, indicates that Bhutan isn’t just sitting on its crypto reserves anymore.

Bhutan Deepens Its ETH Participation Through Active Staking

By staking 320 ETH to make yield through Figment, Bhutan is taking a more hands-on role in Ethereum’s growing ecosystem. The move not only opens the door to steady staking rewards, but also shows that the Himalayan nation is willing to help support the network it’s now participating in.

As of press time, ETH is changing hands at about $3,006, slightly down 0.76% over the last 24 hours, but still up 6.26% over the last 7 days.

In recent months, the country has established a strong foothold in the crypto sector. In May, we reported that Bhutan became the first country to launch a crypto-based tourism payment system, supported by Binance Pay and DK Bank. The system offers real-time confirmation and very low transaction fees, helping tourists visit without relying on traditional payment methods.

Back in April, we noted a statement from Prime Minister Tshering Tobgay indicating that the government was considering expanding its Bitcoin mining activities. Tobgay believes this sector could open new opportunities for the Bhutanese economy, which is struggling under pressure and rising youth migration.

On the other hand, various global companies are also actively staking ETH, from Grayscale, which is said to have placed hundreds of thousands of ETH in validators, to Coinbase and BTCS Inc., which operate nodes as part of their infrastructure services. Meanwhile, players like Northstake offer institutional staking, while large platforms like Lido remain the center of Ethereum staking activity.

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