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Bhutan appoints 3iQ to manage part of its 10,000 BTC treasury for Gelephu's development

Market News
31 Jul 2026
Crypto news
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Bullish
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Bhutan's Gelephu Mindfulness City has appointed Canadian digital-asset manager 3iQ to oversee an undisclosed portion of its Bitcoin treasury, which includes up to 10,000 BTC pledged for the city's long-term development. The Bitcoin reserve was created by converting surplus hydroelectric power and aims to support job creation, skill development, and financial resilience. While key details like the exact amount managed and investment strategies remain undisclosed, 3iQ plans to establish a local presence and transfer knowledge. Future milestones will clarify regulatory approvals, operational setup, and transparent reporting on how the Bitcoin supports Gelephu's growth.

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