Latest news with #RoyalGovernmentofBhutan
Yahoo
30-06-2025
- Business
- Yahoo
Bhutan Possibly Readies $15M Bitcoin Sale as Holdings Near $1.3B
The Royal Government of Bhutan transferred 137.245 bitcoin worth about $14.77 million to crypto exchange Binance on June 30, according to blockchain data from Arkham Intelligence. This fresh transaction comes as Bhutan's total bitcoin holdings have grown to 11,924 BTC, valued at approximately $1.28 billion at current market prices of around $107,000. The small Himalayan kingdom has become a significant player in the crypto space, with its bitcoin stash representing a sizable chunk of its economy. The holdings were built largely through state-backed mining operations under Druk Holdings, working alongside Bitdeer Technologies, which is expanding local mining capacity to 600 megawatts by 2025. The latest Binance deposit has fueled speculation about potential selling pressure, although no one from the government has not commented publicly on the reason for the transfer. Some investors of late are questioning why bitcoin has not surged to new all-time highs despite significant corporate buying. These investors, however, fail to take into account large holders (like Bhutan) sitting on heavy profits who are happy to unload a portion of their stakes, balancing that heavy buy pressure. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
10-06-2025
- Business
- Time of India
Delegation from Bhutan meets CM
1 2 3 Guwahati: An 11-member delegation from Bhutan's Gelephu Mindfulness City Project met Assam chief minister Himanta Biswa Sarma on Tuesday. The delegation is on a visit to Assam and Meghalaya . The Gelephu Mindfulness City is an ambitious urban development initiative in Bhutan, envisioned by King Jigme Khesar Namgyel Wangchuck. It aims to create the world's first 'mindfulness city', integrating economic growth, sustainable living, and holistic well-being, all rooted in Bhutan's unique philosophy of Gross National Happiness (GNH) index. The delegation included members of the core working group of the project and officials from the Royal Bhutanese Consulate General. Welcoming the delegates, Sarma said Assam govt, aligned with the vision of PM Modi, stands committed to supporting this project. He assured the delegation of cooperation and collaboration from the state administration in working closely with both the Royal Government of Bhutan and the Core Working Group. The Chief Minister noted that the project would serve as an important platform to deepen institutional collaboration as well as people-to-people ties between Assam and Bhutan. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo He also highlighted the project's potential benefits for the youth of both regions through opportunities in education, skill development, entrepreneurship, cultural exchange, and more. Sarma encouraged the delegation to visit key institutions in Assam, such as institutions of higher education and medical facilities, to explore further areas of synergy and cooperation. He also invited them to make use of various state-run facilities that may serve as models or partners in developing the Gelephu Mindfulness City. Recalling His Majesty King Jigme Khesar Namgyel Wangchuck's previous visit to Assam, the Chief Minister expressed his desire to host the entire royal family in the future. The Bhutanese delegation was led by Dasho Arun Kapur and included former Chief Justice of Bhutan Dasho Tshering Wangchuk, Member of the National Council of Bhutan and MP Dasho Tashi Wangyal, along with other members of the Core Working Group of the Gelephu Mindfulness City (GMC) project. Two officials from the Royal Bhutanese Consulate General - Consul General Jigme Thinlye Namgyal and Consul Phurpa Tshering - were also present.
The Print
10-06-2025
- Politics
- The Print
Bhutan's Gelephu Mindfulness City Project to promote regional cooperation: Himanta
'The Assam government, aligned with the vision of Prime Minister Narendra Modi, stands committed to supporting this project,' Sarma said. An 11-member delegation comprising members of the Project's Core Working Group and officials from the Royal Bhutanese Consulate General, on a six-day visit to Assam and Meghalaya, called on the CM at his office here to exchange ideas and reaffirm ties between the state and the Kingdom of Bhutan. Guwahati, Jun 10 (PTI) Assam Chief Minister Himanta Biswa Sarma on Tuesday said that Bhutan's Gelephu Mindfulness City Project will promote regional cooperation and sustainable development, and the state government is committed to support the initiative. He assured the delegation of cooperation and collaboration from the state administration, which will work closely with both the Royal Government of Bhutan and the Core Working Group. The chief minister noted that the project would serve as an important platform to deepen institutional collaboration as well as people-to-people ties between Assam and Bhutan. He also highlighted the project's potential benefits for the youth of both regions through opportunities in education, skill development, entrepreneurship, cultural exchange and more. Sarma encouraged the delegation to visit key institutions in Assam to explore further areas of synergy and cooperation. He also invited them to make use of various state-run facilities that may serve as models or partners in developing the Gelephu Mindfulness City, a Special Administrative Region (SAR) in the Kingdom of Bhutan. Recalling King Jigme Khesar Namgyel Wangchuck's previous visit to Assam, Sarma expressed his desire to host the entire royal family in future. He emphasised the importance of continued dialogue and collaboration, stating that during the next visit of the Core Working Group, a broader, multi-sectoral meeting would be organised. PTI DG DG RBT This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
