Bhutan allocates up to 10,000 Bitcoin to a key city development project

Bhutan has announced a National Bitcoin Development Commitment, allocating up to 10,000 $BTC - worth approximately USD 860 million at current prices to support the construction of Gelephu Mindfulness City. This is considered one of the clearest moves by a sovereign nation to treat Bitcoin as a strategic state asset rather than merely a speculative investment. The initiative builds on Bhutan’s early involvement in state-backed bitcoin mining, leveraging surplus hydropower to generate digital assets in a sustainable manner