The Kingdom of Bhutan continues to expand its strategy of adopting bitcoin by deciding to allocate 10,000 BTC, worth about 1 billion USD, to serve the development of Gelephu Mindfulness City (GMC) — the new administrative and economic special zone of the country. GMC is positioned as a long term center for mindfulness, sustainability, and innovation, integrating digital technology with a focus on social development.
This commitment was announced by King Jigme Khesar Namgyel Wangchuck in a speech on National Day, reflecting the vision of using modern digital technology to serve the long-term interests of the people of Bhutan. The government stated that it will consider various options for utilizing the committed BTC, including asset collateralization, yield management, and long term holding to preserve value.
Bhutan emphasizes that the use of bitcoin in GMC will follow principles of caution, strict governance, and transparency, prioritizing capital preservation and long-term potential. GMC will also be built on a digital infrastructure, providing legal clarity, financial connectivity, and a long-term collaborative environment for digital asset organizations both domestically and internationally. Previously, Bhutan has integrated digital assets into strategic reserves, implemented crypto payments, and launched the TER token backed by physical gold.
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