Bhutan Pledges 10,000 Bitcoin to Build New Economic Zone

The Kingdom of Bhutan announced the world’s largest Bitcoin pledge to support its new economic zone called the Gelephu Mindfulness City. The South Asian country, with a population of just under 800,000, pledged up to 10,000 BTC, valued at $1 billion, to develop its new economic hub, according to an official press release on Dec. 17. Bhutan’s King Jigme Khesar Namgyel Wangchuck added that “every Bhutanese is a custodian, stakeholder, and beneficiary of GMC.” Notably, the country sold 512 BTC in mid-July ...