Bhutan commits up to $1B in Bitcoin to build long-term national resilience
Bhutan pledged up to 10,000 BTC, valued near $1 billion, to fund the development of Gelephu Mindfulness City.Summary
Bhutan has announced a landmark Bitcoin Development Pledge, committing up to 10,000 BTC, valued at approximately $1 billion, to support the long-term growth of Gelephu Mindfulness City (GMC), the nation's key nation-building project. This initiative, guided by King Jigme Khesar Namgyel Wangchuck, utilizes surplus clean hydroelectric energy for Bitcoin mining operations. The resulting Bitcoin reserves will be allocated to finance long-term infrastructure, foster partnerships, and enhance national financial resilience. Furthermore, GMC plans to incorporate major digital assets like Bitcoin, Ethereum, and BNB into its strategic reserves, positioning Bhutan as an early adopter of holding cryptocurrency at a jurisdictional level while aiming to create jobs and develop youth skills.
(Source：Crypto Briefing)