Tag: Bhutan

Gelephu City Pioneers Crypto Integration in Bhutan’s Reserves

Gelephu Mindfulness City, Bhutan’s new SAR, adopts BTC, ETH, and BNB into reserves for the dual purpose of increasing blockchain adoption and strengthening economic resilience.



Gelephu Mindfulness City, Bhutan’s fresh new Special Administrative Region (SAR), just pulled a power move. It officially declared adding Bitcoin (BTC), Ether (ETH), and BNB to its strategic reserves. Yep, GMC is now one of the first places in the world flexing crypto in its official financial game plan.

Why the switch-up? GMC is all about staying ahead. Adding digital assets is part of its strategy to diversify and build economic resilience. These cryptocurrencies are not just hype—they’re highly liquid, secure, and can be traded with minimal drama. The city is also doubling down on its love for blockchain tech and digital innovation.

Positioned on South Asia’s buzzing trade route, GMC aims to tap into a market of over 2 billion people. Its focus? Becoming a hub for blockchain tech and next-gen solutions.

Backing this bold move is GMC’s shiny new law—‘Application of Laws Act ’—which sets the stage for crypto-related businesses to thrive in a safe, regulated space.

And that’s not all. Come March this year, GMC will host a global summit, bringing together top leaders to chat about digital assets in national reserves. The city’s vision? To become a trendsetter in the crypto and blockchain space. Bhutan is leveling up, and it’s all eyes on GMC!

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Bhutan Moves $40M in Bitcoin to QCP Capital in Strategic Deal

Bhutan is making waves in the crypto world! The Royal Government, through Druk Holdings, just sent 406 Bitcoin to QCP Capital. This is a big show off of some serious digital asset game. And get this—they’ve got a jaw-dropping 12,202 BTC stash, valued at a whopping $1.2 billion. Not too shabby for a small Himalayan kingdom, right?

Bhutan is making big moves in the crypto world! The government, through its investment arm Druk Holdings, just sent 406 Bitcoin (worth $40M) to QCP Capital. Oh, and here’s the kicker—they’re sitting on a massive stash of 12,202 BTC, valued at $1.2 billion. Not bad for a tiny Himalayan kingdom, right?

But this really isn’t just a random flex. Bhutan’s also diving super deep into Bitcoin because they truly believe in its future. They’re mixing og money smarts with cutting-edge crypto vibes, proving you can go digital without losing your roots.

So you may think, why the transfer? Well, analysts think it’s all about playing it smart—spreading out risks, making some extra cash, or maybe funding cool new crypto projects. Bhutan isn’t just hoarding Bitcoin; they’re managing it like total pros and keeping their financial goals on point.

What’s even cooler is that they’re completely balancing out this high-tech crypto game with their infamous Gross National Happiness philosophy. Even with Bitcoin prices bouncing around, Bhutan’s confidence in blockchain as a game-changer remains super solid.

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Bhutan Sells $33M in Bitcoin Amid Price Surge

Bhutan has just sold $33.5M worth of Bitcoin at its peak price, this added to the previously sold $66M overall becomes $100M and this is just the data of this month. Well, even after this the country still holds 12,206 BTC, that totals about $1.11B. Bhutan mines bitcoins using its epic hydro power. Their strategic moves are inspiring other nations, with talks of a U.S. “Strategic Bitcoin Reserve” gaining major buzz.

The kingdom of Bhutan has just recently sold about  367 Bitcoin, worth around $33.5 million, through Binance. Arkham Intelligence says that the transfer took place exactly  at 12:06 a.m. UTC. Bitcoin’s price was high, above $90,000 at that time. Two weeks earlier Bhutan had sold  $66 million worth of Bitcoin, that time it was just $70K which is still lot but after the elections BTC has really surged like never seen before.

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Overall Bhutan still has about 12,206 BTC, considering current price that amounts to about $1.11 billion. These Bitcoins holdings are managed by Druk Holding & Investments. Bhutan seems to sell them strategically so as to make as much profit possible. The recent rally of Bitcoin was the right moment for them to sell out some of the BTC and hence profit is all theirs.

Conclusion

Bhutan’s killing it as the 5th biggest Bitcoin-holding government, leveraging its hydro power energy source instead of seizures to mine BTC. Their high sell-strategy is attracting every major global organizations. Even the US. is thinking of creating a “Strategic Bitcoin Reserve” with recent buzz from Trump and Senator Lummis.

Bhutan Turns to Bitcoin Mining for Economic Self-Reliance

Bhutan, a small kingdom in south asia, is using bitcoin mining as a part of its strategy to obtain economic self-reliance. Bhutan famous for hydropower, has been secretly building a mining infrastucture using its renewable energy. This project has placed Bhutan on the global stage alongside El Salvador as one of the few countries officially mining bitcoin.

Hydro Power Meets Bitcoin

Hydroelectric power projects have provided Bhutan with vast energy resources, this excess energy initially used to support neighbouring country India, is now being used to mine Bitcoin. This move highlights Bhutan’s intention to secure nation’s future in digital economy.

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Significant Bitcoin Holdings

Bhutan is the fourth largest government holder of Bitcoin globally with over 13,000 BTC. Bhutan has surpassed El Salvador with an appropriate holding of 0.122 BTC per citizen. Meanwhile, Bhutan’s reserve amounts to nearly $8,000 per citizen. This tactical investment has given Bhutan a Financial support as it continous to grow its Crypto mining capabilities.

A Future Bitcoin Standard?

Experts have speculated that Bhutan could adopt a blockchain standard. This would mean pegging Bhutan’s Currency Ngultrum, to Bitcoin. This would offer a stable decentralized alternative to national currencies.

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Bhutan’s Global Economic Role

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By expanding its Bitcoin mining Infrastucture, Bhutan has put itself on a favourable position for future decentralized finances (DeFi). As the world shifts away from fiat currencies, bhutan’s Bitcoin Reserves could serve as a blueprint for other nations. This could enhance Bhutan’s economic sector despite it’s small size and population.

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