The planned Gelephu Mindfulness City says 3iQ will run part of its bitcoin treasury on a market-neutral basis, a shift from holding the coins as a long-term national asset.
- Gelephu Mindfulness City in southern Bhutan hired Toronto-based 3iQ to manage part of its bitcoin treasury using a low-risk, market-neutral strategy aimed at generating long-term returns.
- The size and source of the bitcoin mandate were not disclosed, amid ongoing questions about Bhutan’s earlier pledge of up to 10,000 BTC and onchain data suggesting about $1 billion has left wallets linked to its sovereign fund.
- Beyond asset management, officials say the deal with 3iQ is intended to create jobs for Bhutanese youth and build skills in technology and finance, with specific programs still being developed.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Cathie Wood says smart investors need to start watching where AI agents spend money
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto job postings triple to over 1,200 in September, but applications fall
Cathie Wood says smart investors need to start watching where AI agents spend money
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