“The Himalayan kingdom plans to deploy part of its sovereign bitcoin holdings to fund long-term development through Gelephu Mindfulness City.”, — write: www.coindesk.com
The commitment positions bitcoin as a strategic national asset rather than a speculative holding, with officials exploring responsible approaches such as collateralization, treasury strategies or long-term holding to fund development while preserving value, according to an emailed announcement on Wednesday.
Final decisions on how the assets will be deployed are expected in the coming months.
Gelephu Mindfulness City is a special administrative region designed to use digital assets for its financial reserves, forming a key part of Bhutan’s blockchain strategy to diversify its economy and attract investment.
Bhutan was among the earliest sovereign bitcoin miners, converting surplus hydropower into digital assets for several years. The country says it will continue using excess clean energy to mine bitcoin without increasing environmental impact.
The pledge builds on a broader digital strategy that includes blockchain-based national digital identity, crypto-enabled payments for tourism and merchants, and the recent introduction of TER, a sovereign-backed gold token.
Together, Bhutan sees the efforts as blending digital finance with governance, sustainability and social outcomes — particularly for younger generations.
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The influential Democrat is the most vocal critic of the crypto legislation, and she continues to throw rhetorical sand in the gears of the negotiation.
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