Gelephu in Bhutan Engages 3iQ to Manage Bitcoin Treasury

Gelephu, a city in Bhutan, has contracted 3iQ to manage an undisclosed part of its Bitcoin treasury. This move aligns with Bhutan's broader efforts to develop a digital-asset investment hub within the country. The partnership indicates growing institutional interest in crypto assets as part of national financial strategies. Details about the size of the Bitcoin holdings or the specific management terms have not been disclosed. Bhutan's initiative to incorporate digital assets into its economic planning reflects a strategic push to diversify its investment portfolio and foster innovation in the financial sector. The involvement of 3iQ, a prominent digital asset management firm, underscores the country's commitment to integrating established crypto industry players into its development plans. This development could signal increased institutional adoption of Bitcoin and other cryptocurrencies in Bhutan, potentially influencing regional crypto policy and investment trends.