Pakistan Launches Strategic Bitcoin Reserve: Crypto Minister

Pakistan Launches Strategic Bitcoin Reserve, Crypto Minister Announces

29 May 2025 at 09: 41

Reading time: 2 minutes

A crypto advisor to the Pakistani government announced Wednesday that the country will launch a strategic Bitcoin reserve.

During the Bitcoin At the 2025 conference in Las Vegas, Bilal Bin Saqib, the recently appointed special advisor to the prime minister on blockchain and cryptocurrency, stated that the Pakistani government is “establishing its own strategic Bitcoin reserve.”

"We're taking inspiration from the U.S. government," the crypto-focused Secretary of State added. Earlier this year, President Donald Trump signed an executive order paving the way for a strategic Bitcoin reserve in the U.S.

He added: “We will hold these Bitcoins and never, ever sell them.”

The Pakistani government this week also began allocating 2.000 MW of surplus electricity for Bitcoin mining and AI data centers, underscoring the country's serious intentions regarding Bitcoin.

The move is aimed at generating revenue, creating employment and attracting foreign investment, the government said.

Bin Saqib is also an advisor to the Trump-backed crypto project World Liberty Financial.

Under the Trump administration, the United States is working on more favorable policies for the digital asset industry by pursuing legislation and ending lawsuits against major crypto firms. Trump has committed to promoting the crypto sector, supported by prominent figures from the technology and crypto world.

President Trump promised to establish a strategic Bitcoin reserve and signed an executive order in March to implement this plan. According to Arkham Intelligence, the US government already holds more than 198.000 Bitcoin reserves. BTC, worth $21,2 billion, mainly from criminals.

Additionally, El Salvador introduced Bitcoin as legal tender after President Nayib Bukele announced the initiative at Bitcoin 2021 in Miami. The Central American government has since purchased Bitcoin for its reserves and currently holds 6.191 BTC worth over $664 million, despite IMF efforts to prevent the country from purchasing more BTC as part of a loan agreement.

Yet other countries now appear to be following El Salvador's example.

Frequently Asked Questions

What is Pakistan's Strategic Bitcoin Reserve?
This reserve is intended to strengthen national commitment to Bitcoin as a financial instrument and will be managed by the government without selling the assets.

How does the situation in Pakistan compare to other countries?
Pakistan is following the example of countries like El Salvador, which introduced Bitcoin as legal tender and now holds Bitcoin in its reserves.

What are the ultimate goals of these initiatives?
The initiatives are aimed at generating income, creating jobs and attracting foreign investment, which is crucial for economic development.

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