Bhutan's Gelephu Mindfulness City names 3iQ to manage part of its Bitcoin treasury
GELEPHU, July 31. Digital-asset manager 3iQ will oversee a portion of Gelephu Mindfulness City's Bitcoin treasury, the city said, as Bhutan works to develop a digital-asset investment hub. The size of the allocation was not disclosed.
Key takeaways
- Digital-asset manager 3iQ will oversee a portion of Gelephu Mindfulness City's Bitcoin treasury.
- The size of the allocation to 3iQ was not disclosed.
- Gelephu Mindfulness City holds Bitcoin as a treasury asset and is part of Bhutan's effort to build a digital-asset investment hub.
- The announcement did not specify the custody structure or the terms and duration of the engagement.
- The arrangement places an outside firm in charge of at least part of the city's Bitcoin holdings.
GELEPHU, July 31. Digital-asset manager 3iQ will oversee a portion of Gelephu Mindfulness City's Bitcoin treasury, the city said, as Bhutan works to develop a digital-asset investment hub. The size of the allocation was not disclosed.
Undisclosed allocation
3iQ will manage an undisclosed share of the Gelephu Mindfulness City $BTC holdings. The city holds Bitcoin as a treasury asset. The announcement did not specify how much Bitcoin 3iQ will manage, the custody structure for those assets, or the terms and duration of the engagement.
Gelephu's role in Bhutan's digital-asset program
Gelephu Mindfulness City is part of Bhutan's effort to build a digital-asset investment hub. The appointment of 3iQ to manage part of the city's Bitcoin treasury puts an outside firm in charge of at least a portion of those holdings. The city disclosed no financial figures tied to the arrangement.
Note: The source summary provided contains two substantive facts: the 3iQ appointment and Bhutan's hub ambition. No figures, dates, or further terms appear in the source. Per house rules, this piece reflects what the source actually shows rather than supplementing with outside estimates.