Bhutan hires 3iQ to manage part of its Bitcoin reserves
BROBROK News · Based on reporting by DiarioBitcoin ·
Bhutan has agreed to let 3iQ manage an undisclosed portion of the Bitcoin reserves tied to the Gelephu Mindfulness City project. The mandate is meant to generate returns through low-risk, market-neutral strategies, but the exact allocation and how it fits with the country’s wider BTC holdings remain unclear.
Key points
- 3iQ will manage an undisclosed amount of BTC linked to Gelephu.
- The planned approach is market-neutral and aimed at producing returns.
- The report does not say how much of the up to 10,000 BTC assignment is included.
- 3iQ also plans to establish a local presence and support talent development in Gelephu.
- The relationship between this mandate and Bhutan’s national reserves is still unclear.
Why it matters
This is a rare example of a sovereign Bitcoin reserve being managed by an outside firm. It highlights growing experimentation with active treasury management, not just cold storage.
Original headline: “Bután encarga a 3iQ gestionar parte de sus reservas soberanas de Bitcoin”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.