Policy Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Bhutan commits up to 10,000 bitcoin to back n Policy Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Bhutan commits up to 10,000 bitcoin to back n

Bhutan commits up to 10,000 bitcoin to back new mindfulness-based economic hub

2025/12/17 18:15
5 min read
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

Bhutan commits up to 10,000 bitcoin to back new mindfulness-based economic hub

The Himalayan kingdom plans to deploy part of its sovereign bitcoin holdings to fund long-term development through Gelephu Mindfulness City.

By Jamie Crawley, AI Boost|Edited by Sheldon Reback
Dec 17, 2025, 10:15 a.m.
Bhutan unveiled a national Bitcoin Development Pledge that will allocate up to 10,000 bitcoin (BTC) to support the development of Gelephu Mindfulness City. (Midjourney/modified by CoinDesk)

What to know:

  • Bhutan committed up to 10,000 bitcoin toward the long-term development of Gelephu Mindfulness City, a new economic hub in southern Bhutan.
  • The pledge builds on Bhutan’s years-long use of bitcoin mining powered by surplus hydropower.
  • Officials say any use of bitcoin will prioritize capital preservation, transparency and long-term stewardship.

Bhutan unveiled a national Bitcoin Development Pledge that will allocate up to 10,000 bitcoin BTC$86,748.98, valued around $860 million at current prices, to support the development of Gelephu Mindfulness City.

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 holding to fund development while preserving value, according to an emailed announcement on Wednesday.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters
Sign me up

Final decisions on how the assets will be deployed are expected in the coming months.

Gelephu Mindfulness City is a special administrative region designed to use digital assets for its financial reserves, forming a key part of Bhutan's blockchain strategy to diversify its economy and attract investment.

Bhutan was among the earliest sovereign bitcoin miners, converting surplus hydropower into digital assets for several years. The country says it will continue using excess clean energy to mine bitcoin without increasing environmental impact.

The pledge builds on a broader digital strategy that includes blockchain-based national digital identity, crypto-enabled payments for tourism and merchants, and the recent introduction of TER, a sovereign-backed gold token.

Together, Bhutan sees the efforts as blending digital finance with governance, sustainability and social outcomes — particularly for younger generations.

BhutanBitcoin News
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

More For You

Protocol Research: GoPlus Security

Commissioned byGoPlus

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

More For You

U.S. Senate's Warren asks for Trump-tied crypto probe as market structure bill drags

The influential Democrat is the most vocal critic of the crypto legislation, and she continues to throw rhetorical sand in the gears of the negotiation.

What to know:

  • U.S. Senator Elizabeth Warren, the ranking Democrat on the Senate Banking Committee, is calling for a probe into DeFi platforms, especially on their relationship with the business interests of President Donald Trump.
  • Warren's pushback comes as the Senate is still negotiating the details of a crypto market structure bill, a process that's now drifted into January.
Read full story
Latest Crypto News

Bitcoin trades near key price safety net that Strategy already breached

Bitcoin slides with ether and XRP as market tests $3 trillion floor

Grayscale outlines top crypto investing themes for 2026 as institutional adoption grows

DOGE exits range as selling pressure builds at key levels

Why XRP’s drop below $1.93 shifts short-term market structure

Crypto exchange HashKey's shares fall 5% on trading debut in Hong Kong

Top Stories

Bitcoin slides with ether and XRP as market tests $3 trillion floor

U.S. FDIC proposes first U.S. stablecoin rule to emerge from GENIUS Act

Grayscale outlines top crypto investing themes for 2026 as institutional adoption grows

U.S. Senate's Warren asks for Trump-tied crypto probe as market structure bill drags

Bitcoin trades near key price safety net that Strategy already breached

Eric Trump’s American Bitcoin jumps to 20th among public BTC treasury companies

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

A Netflix ‘KPop Demon Hunters’ Short Film Has Been Rated For Release

A Netflix ‘KPop Demon Hunters’ Short Film Has Been Rated For Release

The post A Netflix ‘KPop Demon Hunters’ Short Film Has Been Rated For Release appeared on BitcoinEthereumNews.com. KPop Demon Hunters Netflix Everyone has wondered what may be the next step for KPop Demon Hunters as an IP, given its record-breaking success on Netflix. Now, the answer may be something exactly no one predicted. According to a new filing with the MPA, something called Debut: A KPop Demon Hunters Story has been rated PG by the ratings body. It’s listed alongside some other films, and this is obviously something that has not been publicly announced. A short film could be well, very short, a few minutes, and likely no more than ten. Even that might be pushing it. Using say, Pixar shorts as a reference, most are between 4 and 8 minutes. The original movie is an hour and 36 minutes. The “Debut” in the title indicates some sort of flashback, perhaps to when HUNTR/X first arrived on the scene before they blew up. Previously, director Maggie Kang has commented about how there were more backstory components that were supposed to be in the film that were cut, but hinted those could be explored in a sequel. But perhaps some may be put into a short here. I very much doubt those scenes were fully produced and simply cut, but perhaps they were finished up for this short film here. When would Debut: KPop Demon Hunters theoretically arrive? I’m not sure the other films on the list are much help. Dead of Winter is out in less than two weeks. Mother Mary does not have a release date. Ne Zha 2 came out earlier this year. I’ve only seen news stories saying The Perfect Gamble was supposed to come out in Q1 2025, but I’ve seen no evidence that it actually has. KPop Demon Hunters Netflix It could be sooner rather than later as Netflix looks to capitalize…
Share
BitcoinEthereumNews2025/09/18 02:23
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37
Kellervogel Expands Platform Infrastructure to Enhance Scalability Across Global Crypto Markets

Kellervogel Expands Platform Infrastructure to Enhance Scalability Across Global Crypto Markets

Introduction Kellervogel today announced a series of infrastructure upgrades designed to enhance platform scalability in response to sustained growth in user participation
Share
CryptoReporter2026/02/22 23:20