Bhutan Pledges 10,000 Bitcoin for Gelephu Mindfulness City Development

Bhutan has announced a major Bitcoin pledge to support the development of its new economic zone, Gelephu Mindfulness City. Here are the key details:

The country pledged up to 10,000 BTC (valued at $1 billion) for the project.
This initiative aims to create jobs, drive economic growth, and provide shared benefits for Bhutanese citizens.
Bhutan's King emphasized the collective responsibility and benefit for all citizens in this endeavor.
Previously, Bhutan sold 512 BTC when prices exceeded $120,000 but now plans long-term accumulation.
The strategy includes exploring collateralization and yield strategies to preserve value.
Bhutan's approach integrates Gross National Happiness values with modern digital finance.
The country holds 5,984 BTC, valued over $520 million, as part of its sovereign mining since 2019 using hydropower.
Plans to tokenize physical gold reserves on the Solana blockchain with TER, a gold-backed crypto asset, have been announced.
A Memorandum of Understanding with Cumberland DRW was signed to manage the GMC Bitcoin reserves.

This move represents one of the largest sovereign commitments to Bitcoin for economic development.