Bhutan commits up to 10,000 BTC to support innovative economic hub, leveraging renewable energy and blockchain technology for national development.
Bhutan Launches 10,000 BTC Bitcoin Development Pledge for Gelephu Mindfulness City
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On December 17, Bhutan unveiled a national Bitcoin Development Pledge, committing up to 10,000 Bitcoin (up to $1 billion) to support the development of Gelephu Mindfulness City (GMC). The initiative, endorsed by His Majesty King Jigme Khesar Namgyel Wangchuck, aims to create a sustainable economic hub that combines mindfulness, innovation, and digital infrastructure using the country’s renewable hydropower resources.
The pledge represents a strategic approach to digital asset management, with plans to explore responsible bitcoin strategies including collateralization, treasury management, and long-term value preservation. Bhutan will continue to mine bitcoin using excess clean energy, building on its existing national bitcoin reserves and blockchain-based digital identity system.
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🧭 FAQs
• How much bitcoin is Bhutan committing? Up to 10,000 BTC, valued at approximately USD 1 billion.
• What is the purpose of the bitcoin pledge? To support the development of Gelephu Mindfulness City (GMC).
• How does Bhutan mine bitcoin? Using excess renewable hydroelectric energy.
• What makes this initiative unique? It combines national development with sustainable technology and mindfulness principles.
