Bhutan Unveils a National Bitcoin Development Pledge That Will Allocate Up to 10,000 Bitcoins To support the development of Gelephu Mindfulness City, it is valued at approximately $860 million at current prices.
According to an email announcement on Wednesday, the commitment positions Bitcoin as a strategic national asset rather than a speculative holding, with officials exploring responsible approaches such as collateralization, treasury strategies or long-term holdings to fund growth while preserving value.
A final decision on how the assets will be deployed is expected in the coming months.
Gelephu Mindfulness City is a special administrative zone designed to use digital assets for its financial reserves, a key part of Bhutan’s blockchain strategy to diversify its economy and attract investment.
Bhutan was one of the early sovereign Bitcoin miners, converting surplus hydropower into the digital asset for several years. The country says it will continue to use excess clean energy for Bitcoin mining without increasing the environmental impact.
The pledge builds on a broader digital strategy that includes a blockchain-based national digital identity, crypto-enabled payments for tourism and merchants, and the recent launch of TER, a sovereign-backed gold token.
Together, Bhutan sees these efforts as blending digital finance with governance, sustainability and social outcomes – especially for younger generations.