3iQ, a global digital asset investment pioneer, has entered into a strategic partnership with Gelephu Mindfulness City (GMC), Bhutan’s special administrative region, to manage a portion of the city’s Bitcoin reserves. The move, announced on July 30, marks a significant step in GMC’s plan to become a leading digital offshore financial hub.
A Mandate to Build Institutional-Grade Infrastructure
This partnership comes as institutional interest in Bitcoin treasury management intensifies; for instance, Hyperscale Data Repurposes Bitcoin Treasury to Fund Michigan AI Data Center Development.
3iQ will deploy a dedicated mandate backed by a portion of GMC’s Bitcoin allocation—up to 10,000 BTC from Bhutan’s national holdings—while investing in local talent and establishing a long-term presence in the city. As Bitcoin’s role in national reserves grows, entities like Galaxy are taking steps to safeguard the asset, with Galaxy setting up a $5 million fund to help shield Bitcoin against quantum computing threats.
GMC’s Vision and 3iQ’s Long-Term Commitment
The partnership reflects GMC’s approach of pairing sovereign capital with proven institutional expertise. The emphasis on secure custody is echoed across the industry, as Coinkite CEO recently urged Coldcard users to move their funds now amid a security alert.
With 3iQ’s institutional discipline and GMC’s capital, Bhutan positions itself as a pioneer in state-backed Bitcoin adoption, potentially setting a precedent for other sovereign entities to follow.
