
The Kingdom of Bhutan has pledged 10,000 Bitcoin to support the development of its flagship Gelephu Mindfulness City.
Bhutan is estimated to hold around 11,286 Bitcoin in total, making it the fifth-largest known sovereign holder globally.
The Bitcoin allocation will be drawn from the country’s national reserves, much of which has been accumulated through domestic mining operations.
Gelephu Mindfulness City, located in southern Bhutan, was launched in 2024 as a new special administrative region.
The project aims to curb youth emigration by creating high-value employment opportunities within the country.
Bhutan said the city is intended to become a major economic hub spanning finance, tourism, green energy, technology, healthcare and agriculture.
The city will offer regulatory flexibility designed to attract crypto and fintech firms.
Officials said the region will also support the expansion of Bhutan’s Bitcoin mining activities.
Gelephu Mindfulness City covers roughly 1,544 square miles, or about 10% of Bhutan’s total land area.