Key facts
- Bhutan's Gelephu Mindfulness City has appointed 3iQ to manage its bitcoin treasury.
- The strategy will focus on low-risk management of the assets.
- Bhutan pledged up to 10,000 Bitcoins for the Gelephu Mindfulness City project last year.
Bhutan's Gelephu Mindfulness City has selected asset manager 3iQ to oversee a portion of its bitcoin treasury. The initiative, which aims for a low-risk strategy, follows Bhutan's pledge of up to 10,000 Bitcoins for the project last year.
This partnership signifies a step towards institutional management of digital assets for the developing city project.