PANews reported on May 8 that Bitcoin Magazine CEO David Bailey mentioned in an interview that Bitcoin is gradually being adopted by countries and institutions, and shared relevant data and projects. He said that currently about 50 countries are involved in Bitcoin mining through public-private partnerships, and the scale of mining in some countries has reached hundreds of megawatts or even gigawatts. For example, Bhutan's Bitcoin mining revenue has accounted for more than 50% of its GDP. In addition, he expects more sovereign countries to purchase Bitcoin through sovereign wealth funds or other forms this year, and mentioned that there are currently 700,000 Bitcoins held by Bitcoin-related securities, and this number may increase significantly. Bailey also pointed out that the model of companies like MicroStrategy purchasing Bitcoin through asset securitization strategies is being widely replicated, and about 200 companies have adopted similar strategies. This trend will expand further in the future.