Druk Holding and Investments (DHI), a commercial arm of the royal government of Bhutan, has reportedly been growing its crypto portfolio without disclosing it to the public. This revelation comes after the crypto contagion in 2022, which saw companies like Celsius and BlockFi file for bankruptcy.
According to a report by Forbes, DHI has been investing in cryptocurrencies, including Bitcoin and Ethereum, for several years. The portfolio is said to be worth millions of dollars, but the exact figure is unknown.
While DHI has not publicly disclosed its crypto holdings, the report suggests that the organization has been investing in digital assets as a way to diversify its investment portfolio. The move is not surprising, given that many institutions and governments are now turning to cryptocurrencies as a way to hedge against inflation and other economic uncertainties.
However, the lack of transparency around DHI’s crypto investments has raised concerns among some experts. Without proper disclosure, it is difficult to assess the risks associated with the investments and ensure that they are being managed responsibly.
The situation also highlights the need for greater regulation in the crypto space. As cryptocurrencies continue to grow in popularity, it is becoming increasingly important for governments and regulators to establish clear guidelines around their use and investment. This will help to protect investors and ensure that the market remains stable and secure.
Overall, the news that DHI has been quietly growing its crypto portfolio is not surprising. However, the lack of transparency around the investments is concerning and highlights the need for greater regulation and oversight in the crypto space. It remains to be seen how the situation will develop and whether DHI will choose to disclose its holdings to the public in the future.