Bhutan Allocates $1 Billion in Bitcoin for Gelephu Mindfulness City Development
- Bhutan has pledged up to 10,000 BTC, valued at approximately $1 billion, to develop Gelephu Mindfulness City.
- The kingdom will not sell the Bitcoin but will consider collateralization and risk-managed yield strategies.
- King Jigme Khesar Namgyel Wangchuck emphasized that every Bhutanese will be a “custodian, stakeholder, and beneficiary” of the city project.
- Bhutan holds over 5,984 BTC, ranking seventh globally among sovereign holders according to Arkham Intelligence data.
- Gelephu Mindfulness City aims to support job creation and economic development through a new land policy treating citizens as shareholders.
This significant allocation of digital assets underscores Bhutan’s commitment to leveraging blockchain technology for national development, with plans for long-term value preservation and economic growth through strategic management of its Bitcoin reserves.
By pledging substantial Bitcoin reserves for infrastructure development, Bhutan positions itself as a leader in integrating cryptocurrency into national projects while ensuring benefits are shared among its citizens. (Source)
