Bhutan allocates up to 10,000 Bitcoins to support emerging economic centers; crypto asset reserve strategy is further upgraded.

【Crypto World】The Kingdom of Bhutan has just announced a major move—taking out up to 10,000 Bitcoin from the national Bitcoin reserve to invest in the economic center construction of Gleep Mindfulness City. Based on current market prices, this asset is valued at approximately $1 billion.

King Jigme Khesar Namgyel Wangchuck emphasized in a statement that this move is to ensure all citizens can become stakeholders and beneficiaries of the project. Project leader Gigdrel Singay added that these Bitcoins are not intended for direct sale but will consider strategies such as collateralization and yield generation to unlock the asset’s potential.

According to on-chain data platform Arkham, Bhutan currently holds 5,984 Bitcoins. Notably, since the beginning of this year, Bhutan has continued to deepen its crypto asset layout—besides Bitcoin, Ethereum and Binance Coin have also been incorporated into the national reserve system. Even more interestingly, they have also innovatively launched a gold-backed digital token TER on the Solana network, further expanding the application boundaries of the crypto ecosystem.