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3iQ wins mandate to manage part of GMC’s Bitcoin reserves

3iQ wins mandate to manage part of GMC’s Bitcoin reserves

The Canadian digital asset manager will oversee an undisclosed portion of Gelephu Mindfulness City’s Bitcoin holdings as the project develops a digital offshore financial hub.

BTC

Fact Check
The official PR Newswire press release confirms 3iQ secured a dedicated mandate to manage a portion of Gelephu Mindfulness City's Bitcoin reserves, including local talent investment, knowledge transfer, and establishing a long-term presence. StockTitan corroborates and confirms 3iQ is a Coincheck Group (NASDAQ: CNCK) subsidiary, matching the claim's description of 3iQ as Coincheck-owned. All key claim elements—managing part of GMC's BTC reserves, training local staff, and permanent presence for a digital financial hub—are supported by these primary sources dated July 30, 2026.
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Summary

3iQ has been appointed to manage an undisclosed portion of the Bitcoin treasury allocated to Bhutan’s Gelephu Mindfulness City, marking the next phase of the special administrative region’s plan to use sovereign crypto holdings to support its development as a digital-asset investment hub. The mandate follows Bhutan’s plan to allocate as many as 10,000 Bitcoin from the country’s holdings to fund Gelephu’s development by December 2025. Neither side disclosed how much Bitcoin will be placed under management, how the assets will be held, or whether the mandate allows lending, derivatives or other yield-generation strategies. 3iQ CEO Pascal St-Jean said the firm would manage the assets responsibly and transparently with a long-term perspective using institutional-grade investment principles. Gelephu board director Jigdril Singye described 3iQ as one of the city’s founding institutional partners. The two organizations said additional milestones would be announced as Gelephu works to establish itself as a digital offshore financial hub focused on innovation, sustainability and institutional asset management.

Terms & Concepts
  • Bitcoin treasury: A pool of bitcoin held as a strategic reserve or treasury asset by an institution or public entity.
  • digital offshore financial hub: A jurisdiction seeking to attract cross-border digital-asset and financial activity through supportive rules, infrastructure and services.
  • yield-generation strategies: Investment approaches such as lending or derivatives that aim to earn returns on held assets beyond price gains.