Bhutan says 10,000 $BTC will be used to build its new administrative city
🇧🇹 Bhutan has pledged to invest up to 10,000 bitcoin (approximately 1.1 billions USD) to support the development of Gelephu Mindfulness City. Gelephu Mindfulness City is a new economic zone, which the Bhutanese royal family is developing as a center for sustainable industries and employment.
Reports have disclosed that the allocation was announced on National Day and is positioned as a long-term funding commitment for the city’s development, rather than a quick sale of reserves.
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