Bhutan Taps 3iQ for Bitcoin Treasury Management
Bhutan has taken a significant step in its development plans by partnering with Canadian digital-asset manager 3iQ to manage part of its Bitcoin treasury. On July 30, Gelephu Mindfulness City appointed 3iQ to oversee an undisclosed portion of its Bitcoin holdings.
The mandate is tied to the city's long-term development and economic plans. In December 2025, Bhutan pledged up to 10,000 BTC from national holdings to support Gelephu's growth. The Bitcoin reserve was built by converting surplus hydroelectric power into cryptocurrency and is intended to create jobs, develop technical skills, and strengthen financial resilience.
3iQ plans a long-term local presence in Bhutan, investing in the country's talent and transferring investment-management knowledge alongside treasury management operations. The company's CEO, Pascal St-Jean, stated that 3iQ would put Bhutan's capital to work 'responsibly, transparently, and for the long term.'