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Bhutan's Mindfulness City Puts Bitcoin Treasury to Work After 10,000 BTC Pledge

August 4, 202604:56 AM
Bhutan's Mindfulness City Puts Bitcoin Treasury to Work After 10,000 BTC Pledge

Bhutan's Gelephu Mindfulness City (GMC) is revolutionizing its Bitcoin strategy by announcing that 3iQ will manage part of its cryptocurrency treasury on a market-neutral basis. This initiative marks a significant shift in the nation's digital asset approach, moving from simple long-term holding to more active and strategic management of the 10,000 BTC pledged by the country. This strategic partnership with 3iQ positions Bhutan as an innovative pioneer in sovereign Bitcoin adoption, combining Buddhist tradition with cutting-edge financial technology. The market-neutral management will allow the country to potentially generate passive income from its Bitcoin reserve without exposing itself to extreme market volatility, setting a precedent for other nations considering sovereign cryptocurrency reserves.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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