Gelephu Mindfulness City is integrating digital assets such as Bitcoin and Ether into its strategic reserves, a move that positions the city as a leader in financial innovation and blockchain adoption.
Gelephu Mindfulness City (GMC), a special administrative region located in southern Bhutan, has taken a bold step into the financial future by announcing the inclusion of digital assets such as Bitcoin (BTC) and Ethereum (ETH) in its strategic reservesThis decision not only seeks to diversify its assets, but also to position the city as a global benchmark in the adoption of emerging technologies.
With a focus on sustainability and innovation, GMC is building a resilient and regulated financial environment that could serve as a model for other jurisdictions.
In a recent statement, the Bhutanese city detailed its plans for strengthen its sovereign treasury by integrating cryptocurrencies, leveraging its strategic position in South Asia and its commitment to green energy.
This move marks a milestone in Bhutan’s financial history and reinforces its reputation as a pioneer in the adoption of disruptive technologies.
Gelephu Mindfulness establishes an innovative financial model
The city's decision to include major cryptocurrencies in its reserves is not an impromptu impulse, but the result of a well-structured regulatory framework. In December 2024, the city will enacted GMC Act No. 1, known as the “Enforcement Act of 2024,” which establishes a sound legal and regulatory environment for businesses operating with digital assets. Through this legislation, Gelephu Mindfulness can ensure the security of transactions, while also encouraging innovation in the financial sector.
In addition, the inclusion of Bitcoin and Ethereum in the city's strategic reserves responds to specific criteria, such as that Both cryptocurrencies have a high market capitalization and significant liquidity., allowing them to be bought and sold without drastically affecting prices.
The city also reported that priority was given to assets issued on mature and secure blockchains, which allow for transparent monitoring of transactions.
Bitcoin mining as an economic pillar in Bhutan
On On-chain data According to the Arkham Intelligence platform, Bhutan holds 11.688 BTC, valued at around $1.110 billion USD, at the time of writing. Additionally, the nation also holds ethers, the native cryptocurrency of the Ethereum network. According to the data, Bhutan holds 656.039 ETH, which is worth around $2,2 million USD, currently.
Source: Arkham Intelligence
Much of the nation's cryptocurrency reserves come from mining. The country has been involved in Bitcoin mining for several years, taking advantage of its abundant hydroelectric power for this purpose. This activity has contributed to the local economy, allowing it to accumulate a considerable reserve of BTC. Currently, Bhutan is the fifth largest government holder of Bitcoin worldwide, according to the Bitcoin Treasuries ranking.
Meanwhile, Gelephu Mindfulness City, located in a region rich in natural resources, is using its abundant hydroelectric power to boost its adoption of blockchain technologies. Not only does green energy reduce the environmental impact of Bitcoin mining, but it also aligns the city with traditional Bhutanese values, which prioritize environmental and social well-being.
Gelephu Mindfulness prepares for a high-level meeting
In March 2025, GMC plans to convene a high-level meeting in the Kingdom of Bhutan, which will bring together government officials and industry leaders from around the world. The purpose of this meeting is to discuss the recognition of digital assets as part of a jurisdiction’s strategic reserves and to establish an international advisory panel on digital assets.
This panel will be tasked with guiding the city in implementing innovative policies and creating a regulatory environment that balances innovation with safety. The meeting will also serve as a platform to share knowledge and experiences, strengthening Gelephu Mindfulness’s position as a leader in blockchain adoption.
The implications for Bhutan's financial future
The decision to incorporate cryptocurrencies into Gelephu Mindfulness’s strategic reserves will have significant economic implications for the region, reflecting a cultural shift towards greater acceptance and understanding of digital technologies. The city aims to be a role model for other regions and attract companies and investors interested in the potential of blockchain.
