Gelephu Mindfulness City Entrusts 3iQ to Manage Bitcoin Reserves

Bhutan’s Gelephu Mindfulness City hires 3iQ for market-neutral BTC management, following a pledge of up to 10,000 BTC and $1B outflows from sovereign wallets.

Woofun AI reports that Gelephu Mindfulness City in Bhutan has engaged Toronto-based firm 3iQ to oversee a segment of its Bitcoin reserves. The arrangement utilizes low-risk, market-neutral strategies designed to yield long-term returns, though specific allocation details remain undisclosed. This engagement follows the city's prior commitment to invest up to 10,000 BTC. On-chain records indicate approximately $1 billion in assets have exited wallets linked to Bhutan’s sovereign fund. Officials noted the partnership also seeks to generate employment for local youth and enhance technical and financial capabilities, with project specifics currently under development.