3iQ Corp Appointed as Institutional Manager of Bhutan's Bitcoin Reserves
Gelephu Mindfulness City (GMC), a special administrative region in southern Bhutan, has appointed Toronto-based 3iQ Corp. to manage part of its Bitcoin reserves. This marks the first formal institutional arrangement for managing BTC from Bhutan’s national holdings since it announced plans in December 2025 to allocate up to 10,000 Bitcoin toward GMC's development. While specific details such as custody arrangements and fees are not disclosed, 3iQ will have discretionary control over a defined portion of the reserves. The firm also aims to establish local capabilities by investing in talent development and setting up an office in Gelephu. This partnership reflects Bhutan’s strategy to combine national capital with institutional-grade expertise rather than managing assets internally. Bhutan has been actively deploying its Bitcoin holdings, having moved over $237 million worth of BTC from reserve addresses since January 2026—likely for domestic infrastructure projects including GMC development. The move signals a shift in strategy toward active portfolio management and institutional deployment.
Topics: Bhutan Bitcoin Gelephu Mindfulness City Institutional Investment