3iQ to Manage Bhutan Bitcoin Reserves for New Economic Hub

Canadian digital asset manager 3iQ Corp is stepping up to help manage a portion of Bhutan and its Bitcoin reserves. The firm will oversee 10,000 Bitcoin dedicated to funding the Gelephu Mindfulness City project. Beyond managing the digital funds, 3iQ plans to invest in local talent and set up a physical office in the region as it grows into a digital financial hub.

Bhutan started mining Bitcoin quietly back in 2019 and later revealed its substantial national holdings. The new economic hub aims to blend modern financial innovation with local cultural values and environmental standards. Leaders in Bhutan hope this project will diversify the national economy away from traditional sectors like hydropower and tourism.

This initiative draws quick comparisons to El Salvador and its plans for a Bitcoin backed city. Traders and market watchers will want to keep an eye on how nation states integrate cryptocurrency into public infrastructure. As 3iQ establishes its long term presence, this project could set a new blueprint for sovereign crypto adoption.