Source: CryptoNewsNet
Original Title: Bhutan commits up to $1B in Bitcoin to build long-term national resilience
Original Link:
Overview
Bhutan has committed up to 10,000 BTC, worth approximately $1 billion, to support the long-term growth of Gelephu Mindfulness City (GMC), the country’s flagship nation-building project and future economic hub.
Key Details
Bitcoin Development Pledge: Bhutan has announced a landmark Bitcoin Development Pledge, committing up to 10,000 BTC (≈ USD 1B) to support the long-term development of Gelephu Mindfulness City (GMC). The pledge reflects a values-led approach guided by the vision of His Majesty King Jigme Khesar Namgyel Wangchuck.
Allocation Strategy: Under the pledge, Bhutan will allocate Bitcoin produced using excess clean energy to support:
Long-term infrastructure financing
Partnership development
National financial resilience
Economic Impact: The initiative leverages digital assets to:
Enhance economic resilience
Create quality employment opportunities
Develop youth skills as part of the GMC program
Bitcoin Mining Operations
Bhutan, via Druk Holding & Investments (DHI), has built sizable Bitcoin reserves through state-backed mining operations, utilizing surplus hydroelectric power.
Strategic Crypto Holdings
Gelephu Mindfulness City has outlined plans to include major digital assets such as Bitcoin, Ethereum, and BNB in its strategic reserves, positioning itself as an early adopter of holding crypto at the jurisdictional level.
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Bhutan commits up to $1B in Bitcoin to build long-term national resilience
Source: CryptoNewsNet Original Title: Bhutan commits up to $1B in Bitcoin to build long-term national resilience Original Link:
Overview
Bhutan has committed up to 10,000 BTC, worth approximately $1 billion, to support the long-term growth of Gelephu Mindfulness City (GMC), the country’s flagship nation-building project and future economic hub.
Key Details
Bitcoin Development Pledge: Bhutan has announced a landmark Bitcoin Development Pledge, committing up to 10,000 BTC (≈ USD 1B) to support the long-term development of Gelephu Mindfulness City (GMC). The pledge reflects a values-led approach guided by the vision of His Majesty King Jigme Khesar Namgyel Wangchuck.
Allocation Strategy: Under the pledge, Bhutan will allocate Bitcoin produced using excess clean energy to support:
Economic Impact: The initiative leverages digital assets to:
Bitcoin Mining Operations
Bhutan, via Druk Holding & Investments (DHI), has built sizable Bitcoin reserves through state-backed mining operations, utilizing surplus hydroelectric power.
Strategic Crypto Holdings
Gelephu Mindfulness City has outlined plans to include major digital assets such as Bitcoin, Ethereum, and BNB in its strategic reserves, positioning itself as an early adopter of holding crypto at the jurisdictional level.