Bhutan to Hold 10,000 Bitcoin Worth $1B to Fund Mindfulness City
The Kingdom of Bhutan plans to hold 10,000 Bitcoin, reportedly worth $1 billion, to fund the development of its Mindfulness City project. According to reports, the country intends to use the cryptocurrency holdings to generate yields for the city's growth. The government has stated it will hold the Bitcoin long-term and has no plans to sell the reserves. The development signals a long-term investment strategy involving digital assets for national projects.
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