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Bhutan Pledges Up to 10,000 BTC for Special Administrative Region Development

Bhutan Pledges Up to 10,000 BTC for Special Administrative Region Development

Bhutan's government announced on Dec. 17 it will contribute up to 10,000 BTC, valued at ¥134B, to advance Gelephu Mindfulness City’s growth and determine its usage in coming months.

BTC

Summary

On Dec. 17, Bhutan announced it will contribute up to 10,000 BTC, valued at approximately ¥134 billion, to support the long-term development of Gelephu Mindfulness City in its planned special administrative region. The government will decide over the coming months how to use the Bitcoin, including potential deployment as collateral for financing. The pledge builds on its existing Bitcoin Development Strategy, which leverages hydropower-based mining and long-term holding of BTC to generate value for youth-focused growth and urban development.

Terms & Concepts
  • BTC (Bitcoin): A decentralized digital currency enabling peer-to-peer transfers recorded on a public blockchain.
  • Hydro mining: Operating cryptocurrency mining with hydropower, aiming to reduce energy costs and environmental impact.
  • Special Administrative Region: A designated area within a country granted a degree of autonomy over economic and administrative affairs.