Bhutan Bets Big: 10,000 Bitcoin to Power Mindfulness City
4.7 Investments Bhutan is allocating 10,000 Bitcoin, worth nearly $1 billion, to fund Gelephu Mindfulness City, aiming to boost economic growth and innovation while preserving its digital assets through risk-managed strategies.
Bhutan has announced the allocation of 10,000 Bitcoin, valued at nearly $1 billion, to fund the development of the Gelephu Mindfulness City, a special administrative region designed to foster economic growth and innovation. The initiative aims to attract businesses in sectors such as green energy, tourism, fintech, and digital healthcare, positioning the city as a global hub for conscious industries. Rather than selling the Bitcoin, Bhutan plans to use risk-managed strategies, including collateralization and yield generation, to preserve and grow its digital asset reserves. The project emphasizes governance, transparency, and prudent treasury management to ensure long-term national prosperity. The phased development will unfold over the next 20 years, with a focus on sustainable growth and integrating digital assets into national development. This move highlights Bhutan's unique approach to leveraging cryptocurrency for economic and social advancement, making it one of the largest sovereign commitments of digital assets to infrastructure globally.
