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'Size does not matter': Bhutan’s tiny sovereign wealth fund banks on green energy and Bitcoin

  • Bhutan's sovereign wealth fund invests heavily in green energy and Bitcoin, leveraging its 2.5 GW hydropower base and crypto mining started in 2019 as of May 2025.
  • This strategy follows Bhutan's push to open the economy to investors and new industries despite challenges like high transport costs and a population under 800,000.
  • Key developments include a $3 billion portfolio boosted by Bitcoin valued at about $97,400 per coin, and plans for Gelephu Mindfulness City near the Indian border to promote tech and green firms.
  • Bhutan launched a national crypto payment system on May 7, allowing tourists to use over 100 cryptocurrencies, which the Tourism Director called "a commitment to innovation, inclusion, and convenience."
  • The fund must manage risks as any setbacks in hydropower, crypto, or city development could strain Bhutan's limited resources, while retention of young talent depends on local job growth.
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Fortune broke the news in New York, United States on Monday, May 12, 2025.
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