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Bhutan to Allocate Up to 10,000 BTC for Gelephu Mindfulness City Development

Bhutan to Allocate Up to 10,000 BTC for Gelephu Mindfulness City Development

Bhutan’s government will contribute up to 10,000 BTC, worth approximately ¥134 billion, to finance the Gelephu Mindfulness City, with decisions on its usage planned in the coming months.

BTC

Summary

On December 17, Bhutan announced it will commit up to 10,000 BTC, valued at around ¥134 billion, toward the long-term development of Gelephu Mindfulness City. The project aims to create a new economic hub in southern Bhutan. The government will determine how the Bitcoin will be used, including potential use as collateral for financing, over the coming months.

Terms & Concepts
  • BTC: Ticker symbol for Bitcoin, the world’s first and largest cryptocurrency.
  • Gelephu Mindfulness City: A planned economic hub in southern Bhutan focused on sustainability and mindfulness-driven development.