Bhutan Commits 10,000 BTC to Fund Development of Planned “Mindfulness City”
Bhutan up to 10,000 BTC, worth about $1 billion, to assist build Gelephu Mindfulness City. In his National Day speech, King Jigme Khesar Namgyel Wangchuck spoke about the as a promise to the people, youth, and the country’s future. The project makes BTC a key part of the envisaged special administrative region’s economy and job development.
Pledge Commitment
The vow says that the BTC reserves can only be used for the city’s benefit, and it stresses making money above tradeing them.
Jigdrel Singay, a board member at Gelephu Mindfulness City, told Decrypt that the 10,000 BTC is “both a reserve delegation and a proactive effort to generate yields from these for the growth of GMC.” Bhutan clahead says it won’t liquidate, prioritizing capital preservation over short-term gains.
Singay discussed plans for the future, including using collateral to preserve the value of , managing risk through yield and treasury approaches, and storing assets for long-term purposes. The monarchy will leverage its existing blockchain expertise to manage these reserves, with strict oversight and open governance.
Mindfulness City Vision
Gelephu Mindfulness City combines Bhutanese Buddhist ideas with long-term economic growth to keep young people in the country and assist it grow. The monarch said that “every Bhutanese will be a custodian, stakeholder, and beneficiary of .”
Since the majority of the land is under government control, a new policy treats people from all Dzongkhags as shareholders, ensuring that everyone benefits.
“Think of GMC as a business and landowners as its shareholders,” His Majesty said. Most of the land in Bhutan is held by the government, thus people from all Dzongkhags would benefit from its success. The project aims to create jobs, diversify the economy, and improve infrastructure. It builds on Bhutan’s ahead use of for hydroelectric-powered BTC mining.
A largeger BTC Plan
According to , Bhutan is the eighth largest sovereign holder of BTC, with 5,984 BTC valued at over $522 million through Druk Holding and Investments. This promise is one of the most significant uses of digital assets by a government for infrastructure, showing that BTC is becoming a more mature strategic reserve asset.
The promise shows how Bhutan is adopting a new strategy for managing its national wealth in a world where cryptocurrencies are becoming increasingly popular. The monarch is betting on long-term value to assist Gelephu Mindfulness City become a model for mindful economic growth by not tradeing anything.
