Archive · 18 Dec 2025
Bhutan to Build Bitcoin-Backed City
Bhutan, a small country in the Himalayas, is planning to build a new city called Gelephu Mindfulness City (GMC) using some of its bitcoin money.
The government has promised to use up to 10,000 bitcoins, which is worth a lot of money, to help build this city.
The city will be a special place for finance, technology, and green energy.
The king of Bhutan said this is an investment for the future of the country and its young people.
Bhutan has been collecting bitcoins for years by using extra electricity from its dams to mine them.
The new city will also accept other digital currencies for payments.
This is a big step for Bhutan to become a leader in using digital money for building things.
Bhutan pledges up to 10,000 BTC for Gelephu Mindfulness City (GMC) development.
GMC will be a hub for finance, technology, and green energy, spanning 1,544 square miles.
Bitcoin reserves come from hydroelectric-powered mining, with estimates ranging from 6,000 to 11,000 BTC.
New land policy treats landowners as shareholders in the city's development.
Bhutan has introduced crypto payments in its tourism sector, accepting over 100 digital assets.
- Who
- Bhutan's government and King Jigme Khesar Namgyel Wangchuck
- What
- Building a new city using bitcoin reserves
- When
- Announced this week, with decisions expected in coming months
- Where
- Southern Bhutan, near the Indian border
- Why
- To diversify economy, create opportunities, and align with sustainability goals
- Bitcoin Pledge
- Up to 10,000 BTC
- Estimated Value
- $860 million to $1 billion
- City Name
- Gelephu Mindfulness City (GMC)
- City Size
- 1,544 square miles
- Land Policy
- Landowners as shareholders
- Bitcoin Origin
- Hydroelectric-powered mining
- Estimated Reserves
- 6,000 to 11,000 BTC
- Crypto Payments
- Over 100 digital assets accepted