Bhutan Pledges Up to 10,000 Bitcoin for Gelephu Mindfulness City Development

TLDR

•  Bhutan commits up to 10,000 BTC for the long-term development of GMC, focusing on sustainability and innovation.
• Bhutan uses surplus hydropower for Bitcoin mining, supporting digital asset accumulation without environmental impact.
• Bhutan aims to preserve BTC value through risk-managed yield strategies, with a focus on long-term capital preservation.
• Bhutan integrates blockchain for a national digital identity system, providing secure access to public services for citizens.
•  King Jigme Khesar Namgyel Wangchuck emphasizes equitable development for all citizens, with landowners benefiting from GMC’s growth.

Bhutan has announced a national Bitcoin Development Pledge to support the long-term growth of the Gelephu Mindfulness City (GMC). The pledge commits up to 10,000 Bitcoin (BTC), valued at approximately USD 1 billion, to bolster the city’s economic and sustainable development. This move aligns with Bhutan’s broader vision of incorporating digital technology responsibly for national prosperity.

Bitcoin Reserves to Support Gelephu Mindfulness City

The BTC pledge will primarily fund the development of Gelephu Mindfulness City, a new hub in southern Bhutan. GMC is designed around principles of mindfulness, sustainability, and innovation, aiming to provide a balanced environment for economic growth. His Majesty King Jigme Khesar Namgyel Wangchuck announced the pledge, stressing that it reflects Bhutan’s commitment to responsible digital asset management.

The BTC will be used for long-term national development, with a focus on capital preservation and sustainable growth. Bhutan plans to evaluate several strategies, including collateralizing BTC holdings and implementing risk-managed yield approaches. These strategies aim to ensure that the digital assets contribute positively to the nation’s future while maintaining governance and transparency.

The approach will be carefully monitored, with an emphasis on responsible stewardship of the Bitcoin reserves. Bhutan recognizes the potential of Bitcoin to generate long-term value and intends to preserve this potential for future generations. This initiative is designed to benefit Bhutan’s young population and ensure broad national prosperity.

Sustainable Bitcoin Mining Using Hydropower

Early this year, Blockomoni revealed that Bhutan has been mining Bitcoin for several years using renewable hydropower from its abundant natural resources. The country generates more hydroelectric power than it consumes, enabling surplus energy to be utilized for Bitcoin mining without negative environmental impacts. This sustainable approach to mining aligns with Bhutan’s broader commitment to environmental responsibility.

The country’s clean energy surplus allows Bhutan to convert excess power into digital assets, which can then be used to support national development projects like GMC. Bhutan’s national Bitcoin reserves have been accumulated in this manner, reinforcing the country’s position as a leader in sustainable digital asset management.

As part of this initiative, Bhutan will continue using its national power generation utility for responsible Bitcoin mining, ensuring that the environmental impact remains minimal. The clean energy approach enhances the country’s capacity to support its digital economy while protecting its natural resources.

Digital Assets and Blockchain Integration in Bhutan

Alongside the Bitcoin pledge, Bhutan has developed a national digital identity system based on public blockchain infrastructure. This system allows nearly 800,000 citizens to securely verify their identities and access public services. By integrating blockchain and digital assets, Bhutan is enhancing its digital infrastructure to provide greater security and convenience to its citizens.

As it was reported by Blockonomi earlier, Bhutan has also introduced a sovereign-backed digital token, TER, which is linked to physical gold, and has enabled crypto payments across local merchants. These developments showcase Bhutan’s thoughtful approach to digital financial infrastructure. With its focus on governance, sustainability, and real-world utility, Bhutan is positioning itself as a model for responsible digital innovation.

In his National Day Address, His Majesty King Jigme Khesar Namgyel Wangchuck outlined that the pledge is aimed at ensuring shared prosperity. He emphasized that landowners and citizens will collectively benefit from the development of GMC. The BTC pledge will help fund this vision, which is grounded in values of equity and long-term success.

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