Bhutan Puts Up to 10k BTC in 3iQ Hands
Bhutan's Gelephu Mindfulness City has named Toronto-based 3iQ Corp. as its first institutional manager for a portion of its Bitcoin treasury, formalizing what had been a state-level BTC accumulation strategy into an active, named-mandate arrangement.
The announcement on July 30, 2026, marks the first concrete step toward deployment since Bhutan announced in December 2025 that up to 10,000 Bitcoin from its national holdings would be allocated to support GMC's long-term development.
The mandate grants 3iQ discretionary management over a defined portion of GMC's Bitcoin reserves. However, the press release does not disclose the specific amount of BTC, the custody arrangement, permitted strategies, or the fee structure.
3iQ CEO Pascal St-Jean said the firm would put Bhutan's capital to work 'responsibly, transparently and for the long term.' Jigdrel Singay, a board director at GMC, described 3iQ as one of the city's founding institutional partners and specifically cited the firm's commitment to building local capabilities as a differentiating factor in the selection process.