"Bhutan has committed up to 10,000 bitcoin to support the long-term development of Gelephu Mindfulness City (GMC), marking one of the most ambitious sovereign uses of bitcoin for national infrastructure and economic development to date. The Himalayan kingdom unveiled the Bitcoin Development Pledge this week, allocating a portion of its sovereign bitcoin holdings - valued at roughly $860 million to $1 billion at current prices - to back the new special administrative region in southern Bhutan. Officials emphasized that the allocation is intended to preserve capital over the long term rather than fund near-term spending through asset sales."
"Instead, Bhutan is exploring mechanisms such as collateralized lending, treasury and yield strategies, and intentional long-term holding to finance infrastructure and development while maintaining exposure to bitcoin's potential appreciation. Final decisions on how the assets will be deployed are expected in the coming months, according to the government. Gelephu Mindfulness City is central to Bhutan's broader effort to diversify its economy beyond hydropower and tourism, while remaining aligned with the country's development philosophy centered on sustainability and social well-being."
"The city spans roughly 1,544 square miles - about 10% of Bhutan's territory - near the Indian border. Bitcoin as a commitment to Bhutan's youth King Jigme Khesar Namgyel Wangchuck announced the bitcoin commitment during his National Day Address, framing it as a generational investment aimed at creating quality jobs and opportunities for Bhutan's youth. "As your King, I must ensure that every Bhutanese is a custodian, stakeholder, and beneficiary of GMC," he said. "This commitment is for our people, our youth, and our nation.""
Bhutan pledged up to 10,000 bitcoin—valued at roughly $860 million to $1 billion—to back Gelephu Mindfulness City under the Bitcoin Development Pledge. The allocation is intended to preserve capital over the long term rather than fund immediate spending through asset sales. Financing options under consideration include collateralized lending, treasury and yield strategies, and intentional long-term holding, with final deployment decisions expected in coming months. Gelephu Mindfulness City covers about 1,544 square miles near the Indian border and will focus on finance, technology, green energy, healthcare, agriculture, and high-value tourism to diversify the economy while prioritizing sustainability and social well-being.
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