3iQ to Manage Part of Bhutan GMC's BTC Treasury in Partnership Deal

Gelephu Taps Canadian Firm 3iQ to Manage Its 10,000-Bitcoin Treasury

Bhutan’s Gelephu Mindfulness City just handed a chunk of its Bitcoin treasury to 3iQ. The Canadian digital-asset manager will oversee… Read the original on Gelephu Taps Canadian Firm 3iQ to Manage Its 10,000-Bitcoin Treasury. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Bhutan's Gelephu Appoints 3iQ to Manage Sovereign Bitcoin Treasury

The first external institutional mandate over a sovereign Bitcoin holding signals that accumulation-and-hold is giving way to professional treasury stewardship.Key takeawaysBhutan's Gelephu Mindfulness City has appointed Toronto-based 3iQ Corp. to manage a portion of its Bitcoin treasury, the first named external manager for any sovereign Bitcoin holding.The mandate draws from a pledge of up to 10,000 BTC committed to GMC's development; the spec…

3iQ to manage part of Bhutan GMC's BTC treasury in partnership deal

3iQ, the Toronto digital asset manager now owned by Japan’s Coincheck, has announced that it will manage a portion of the Bitcoin reserves behind Bhutan’s Gelephu Mindfulness City (GMC). 3iQ will be the special economic zone’s first named manager for the sovereign crypto it plans to build a financial hub on. Why is 3iQ managing Bhutan’s Bitcoin? A partnership was announced between 3iQ, which is now owned by Japan’s Coincheck Group (NASDAQ: CNCK)…

3iQ and Bhutan's Gelephu Mindfulness City Announce Strategic Partnership to Advance GMC's Digital Asset Ambitions