Bhutan's Gelephu City partners with 3iQ to actively manage Bitcoin treasury

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Bhutan's planned Gelephu Mindfulness City (GMC) has announced a partnership with crypto asset manager 3iQ to actively manage a portion of its Bitcoin holdings. The arrangement will see 3iQ operate the funds on a market-neutral basis, marking a strategic shift in how the city handles its digital assets. This move comes after GMC pledged a treasury of 10,000 BTC as part of its broader financial strategy. Rather than simply holding Bitcoin as a long-term national reserve, GMC is now putting a share of those holdings to work in the market. The decision signals a more dynamic approach to sovereign crypto asset management among nation-level entities.

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