{"id":208916,"date":"2026-08-04T20:47:38","date_gmt":"2026-08-04T20:47:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=208916"},"modified":"2026-08-04T20:47:38","modified_gmt":"2026-08-04T20:47:38","slug":"asset-manager-3iq-to-manage-bhutans-bitcoin-reserves","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=208916","title":{"rendered":"Asset Manager 3iQ to Manage Bhutan\u2019s Bitcoin Reserves"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Asset Manager 3iQ to Manage Bhutan\u2019s Bitcoin Reserves<\/a><\/p>\n

<\/div>\n

Canadian digital asset manager 3iQ Corp. will work to manage some of the Bitcoin reserves of Bhutan\u2019s Gelephu Mindfulness City<\/a> project.\u00a0<\/p>\n

3iQ, Canada\u2019s biggest and oldest digital asset fund manager, will not only manage the 10,000 Bitcoins pledged to build the new region, but also invest in local talent and establish a long-term physical presence in Gelephu as the region positions itself as Bhutan\u2019s new offshore digital financial hub, according<\/a> to a statement.\u00a0<\/p>\n

Bhutan last year said it would use 10,000 Bitcoins to fund a special administrative region called the Gelephu Mindfulness City. First announced in 2023, the GMC will be \u201ca world-class economic hub in southern Bhutan.\u201d<\/p>\n

\u201cFrom the very inception we were aligned with GMC\u2019s vision to create a next-generation economic hub that attracts global talent while being committed to Bhutan\u2019s cultural values and environmental principles,\u201d 3iQ\u2019s director and CEO, Pascal St-Jean, said in a statement.\u00a0<\/p>\n

The GMC\u2019s Board Director, Jigdrel Singay, added: \u201cBeyond their institutional expertise and global track record in digital asset management, what stood out to us was their genuine commitment to investing in people, transferring knowledge and building local capabilities.\u201d<\/p>\n

Bhutan has been buying Bitcoin for years, and the GMC project is a way of using its stack to\u00a0<\/p>\n

Bhutan started quietly mining Bitcoin in 2019. Then, in 2024, it announced it held a reserve of the digital coins before in January 2025 saying it would hold other cryptocurrencies on its balance sheet.<\/p>\n

According to Bhutan\u2019s government, the GMC, will be \u201ca new economic hub in southern Bhutan designed around mindfulness, sustainability, and innovation,\u201d and is central to Bhutan\u2019s broader effort to diversify its economy beyond hydropower and tourism.\u00a0<\/p>\n

The plan is similar to El Salvador<\/a>\u2018s crypto ambitions. The tiny Central American nation also announced plans in 2021 for a smart city dubbed \u201cBitcoin City\u201d \u2014 a tax-free economic hub aimed at attracting the nomadic wealthy and tech entrepreneurs, funded via Bitcoin-backed tokenized bonds.<\/p>\n

This post Asset Manager 3iQ to Manage Bhutan\u2019s Bitcoin Reserves<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Asset Manager 3iQ to Manage Bhutan\u2019s Bitcoin Reserves Canadian digital asset manager 3iQ Corp. will work to manage some of the Bitcoin reserves of Bhutan\u2019s Gelephu Mindfulness City project.\u00a0 3iQ, Canada\u2019s biggest and oldest digital asset fund manager, will not only manage the 10,000 Bitcoins pledged to build the new region, but also […]<\/p>\n","protected":false},"author":0,"featured_media":208917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-208916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208916"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=208916"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/208917"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=208916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=208916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=208916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}