Bhutan’s sovereign investment arm quietly invests millions in crypto: Report
Druk Holding and Investments CEO Ujjwal Deep Dahal said in a Forbes statement that the issue is confidential and the matter with BlockFi has already been settled. The Kingdom of Bhutan’s sovereign investment arm, estimated to manage around $2.9 billion in assets, has placed millions of dollars in crypto currencies and was a customer of bankrupt crypto firms BlockFi and Celsius. Druk Holding and Investments (DHI), a commercial arm of the royal government of Bhutan, has grown a crypto portfolio without disclosing it to the public, according to a report released by Forbes. The funds were brought to light following the crypto contagion in 2022 when companies like Celsius and BlockFi filed for bankruptcy. User Deposit and Withdrawal - 90 Day - Source: Celsius SoFA Shout out to those who were able to Chapter 7 liquidate themselves at 100 cents on the dollar pic.twitter.com/nTdIVFrBXq — Celsius Loans (@CelsiusLoans) February 20, 2023 According to the report, a Celsius filing sh...