Gelephu Mindfulness City (GMC) in Bhutan has officially engaged Canadian company 3iQ to oversee part of its Bitcoin reserves. This follows the kingdom's earlier announcement about transferring as much as 10,000 BTC to GMC, indicating a significant advancement in their digital asset strategy. Specific terms of the agreement remain undisclosed.
The CEO of 3iQ has pledged to uphold "institutional discipline" and ensure transparent management of the capital. Meanwhile, the GMC director emphasized the importance of this partnership, highlighting plans to further develop Gelephu into an offshore digital center that emphasizes new technologies and institutional management.
