Pakistan to Establish a Bitcoin Strategic Reserve, Allocate 2000 Megawatts of Energy for Crypto Mining

👁 0 views



LAS VEGAS, Nevada — The authorities of Pakistan has plans to set up a strategic bitcoin

reserve and help bitcoin mining, the nation’s Minister of State for Blockchain and Crypto Bilal Bin Saqib introduced at Bitcoin 2025 in Las Vegas on Wednesday.

Bin Saqib mentioned that Pakistan’s plans for a strategic bitcoin reserve have been impressed by U.S. President Donald Trump’s administration’s personal nascent plan for a strategic bitcoin reserve within the U.S., which can — at the least at first — be crammed with the U.S. authorities’s holdings from legal and civil forfeitures, estimated to sit at round 200,000 bitcoins. He additionally mentioned that the federal government of Pakistan was following the U.S.’s push for stablecoin laws, the GENIUS Act, “very carefully.”

Like the bitcoins earmarked for the U.S. strategic reserve, Bin Saquib mentioned that the Pakistani authorities wouldn’t promote its bitcoins.

“This wallet, the national bitcoin wallet, is not for speculation or hype. We will be holding these bitcoins and we will never, ever sell them,” Bin Saqib mentioned.

In addition to establishing a strategic reserve, Bin Saqiib introduced that the federal government of Pakistan has earmarked 2,000 megawatts of electrical energy for bitcoin mining and AI knowledge facilities.“We want to welcome all miners to come to Pakistan, all the infrastructure players to come to Pakistan and build with us,” Bin Saqib mentioned.

Bin Saqib mentioned that the institution of a bitcoin strategic reserve in Pakistan can be “just the beginning” of the nation’s embrace of the crypto trade.

“We have over 100 million unbanked people. They lack tools for saving, for investment, and we want to change that. We want them to break their economic classes. And I really believe that crypto and blockchain can help us take that quantum leap,” Bin Saqib mentioned. “We want to tokenize our illiquid assets. We want to do digital IDs … So Pakistan is looking for allies. Pakistan is looking for access, because Pakistan wants to build.”



Loading Next Post...
Loading

Signing-in 3 seconds...

Signing-up 3 seconds...