Core Insights - Bhutan has announced a pledge of up to 10,000 BTC, valued at $1 billion, to support the development of the Gelephu Mindfulness City, marking one of the largest sovereign Bitcoin commitments for economic development [1][3] - The initiative aims to create jobs and economic growth while integrating Bhutan's values of Gross National Happiness with modern digital finance [3] - Bhutan plans to accumulate Bitcoin for long-term value preservation rather than selling, exploring collateralization and yield strategies [2] Economic Development - The Gelephu Mindfulness City is intended to be an economic hub that benefits all Bhutanese citizens, aligning with the country's holistic approach to well-being [2][3] - Bhutan's existing green Bitcoin mining strategy, powered by hydropower, supports this initiative, showcasing the country's commitment to sustainable practices [2][4] Cryptocurrency Strategy - Bhutan has been a sovereign Bitcoin miner since 2019, currently holding 5,984 BTC worth over $520 million [3] - The country plans to tokenize its physical gold reserves on the Solana blockchain, launching a crypto asset backed by these reserves [4] - A Memorandum of Understanding was signed with Cumberland DRW to manage the GMC Bitcoin reserves, indicating a structured approach to asset management [4]