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Bhutan’s Gelephu Mindfulness City has appointed digital asset manager 3iQ to manage part of its Bitcoin treasury under the city’s long-term digital asset strategy.
The mandate follows Bhutan’s pledge of up to 10,000 Bitcoin to support Gelephu’s development. Neither Gelephu nor 3iQ has disclosed how much Bitcoin is covered by the mandate, its investment targets or fee terms.
3iQ Will Manage an Undisclosed Share of Gelephu’s Bitcoin
Gelephu’s broader Bitcoin strategy is intended to support development over several years rather than fund short-term spending. It can include long-term holdings, treasury management and other strategies involving the city’s Bitcoin reserves.
The appointment does not mean 3iQ will manage the full amount committed to Gelephu. The city has not disclosed what proportion of the treasury has been allocated to the firm or whether other external managers will receive mandates.
3iQ specializes in institutional digital asset investment management and operates regulated products linked to Bitcoin, Ether, Solana and XRP alongside actively managed strategies.
Bhutan Pledged Up to 10,000 BTC for Gelephu in 2025
Bhutan announced its Bitcoin Development Pledge in December 2025, committing up to 10,000 BTC from sovereign reserves to the long-term development of Gelephu Mindfulness City.
The pledge is intended to support the city’s development while allowing part of the Bitcoin allocation to remain invested over a longer period rather than being liquidated immediately.
Bhutan accumulated much of its Bitcoin through state-backed mining powered by the country’s hydroelectric resources.
Mandate Size, Investment Targets, and Fees Remain Undisclosed
Gelephu has been developing a regulatory and financial framework for digital asset businesses as part of the special administrative region’s broader development plans.
The 3iQ appointment adds an external institutional manager to the Bitcoin strategy, but key details remain undisclosed.
Gelephu has not said how much Bitcoin 3iQ will manage, what return or risk targets will apply to the mandate, or whether additional investment managers will be appointed.
