THE BLOCK: 3iQ to manage part of Bhutan's Gelephu Mindfulness City bitcoin reserves under new partnership

AI Market Summary

A Bhutanese city's decision to place a portion of its bitcoin treasury under an external manager (3iQ) formalizes institutional-style oversight for sovereign-linked BTC holdings. The mandate, backed by a planned allocation of up to 10,000 BTC from Bhutan's national reserves, signals continued strategic retention and professional management rather than ad hoc disposition, supporting near-term confidence in BTC as a treasury asset.

Impact level

● Medium

Affected assets

BTC/USDT+0.73%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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THE BLOCK reports that Canadian digital asset manager 3iQ has entered a new partnership to manage a portion of Gelephu Mindfulness City's bitcoin treasury. Under the arrangement, 3iQ will run a dedicated mandate supported by part of the city's reserves, sourced from Bhutan's national holdings following a December 2025 allocation of up to 10,000 bitcoin.

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