Nansen is Establishing a Company in Bhutan for BTC Analytics

Bhutan’s BTC Strategy and Nansen Partnership

Blockchain analytics company Nansen will establish a local company in Bhutan’s Gelephu Mindfulness City (GMC) to develop on-site analytics capabilities. According to a joint announcement shared with Cointelegraph, Nansen will provide blockchain data and market intelligence to industry participants in the region. This move will not affect its existing operations in Singapore; CEO Alex Svanevik stated that GMC was chosen due to its vision of integrating digital assets into the economic foundation. Bhutan holds 11.286 BTC detailed analysis from its national reserves, has allocated 10.000 BTC for GMC, and is developing custody infrastructure, tokenization, and regulatory frameworks.

GMC is a special administrative region announced in 2023 that creates high-value jobs; it offers flexible regulations for finance, green energy, and fintech. Nansen plans to establish a local team, and Cumberland DRW has also signed an agreement for digital asset infrastructure. Bhutan’s crypto strategy is managed by Druk Holding and Investments and converts excess hydroelectric power into crypto.

Source: Bitbo

BTC Technical Outlook and Market Warning

BTC price at 64.426,81$ level, down -1.49% in 24h. RSI 30.40 (oversold), downtrend and bearish Supertrend dominant. Supports: S1 60.015$ (strong), S2 63.842$ (medium). Resistances: R1 64.323$ (strong). Bhutan’s BTC futures reserves are strengthening despite this volatility. While Goldman Sachs CEO warns of a critical BTC crash, MicroStrategy’s Saylor continues BTC purchases with common shares.

Global BTC Ownership Developments

Turkish Net Holding (NTHOL.IS) ranked 74th among institutions with 352 BTC. BTC integration by nations like Bhutan is accelerating global adoption. Stay tuned for BTC detailed analysis.