LAS VEGAS, Nevada

The government of Pakistan is moving forward with plans to establish a strategic reserve for Bitcoin and facilitate cryptocurrency mining. Bilal Bin Saqib, the Minister of State for Blockchain and Crypto, made this announcement at the Bitcoin 2025 event in Las Vegas on Wednesday.

Bin Saqib revealed that the initiative is modeled after a similar ambition being explored by the U.S. administration, which includes creating its own strategic Bitcoin reserve filled primarily with government-held assets through civil and criminal forfeitures, estimated to include around 200,000 bitcoins. He stressed that Pakistan would also be monitoring U.S. legislative developments regarding stablecoins, particularly the GENIUS Act.

“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,” said Bin Saqib.

Moreover, the Pakistani government plans to allocate 2,000 megawatts of electricity towards Bitcoin mining and AI data centers, encouraging resource players and miners to collaborate with Pakistan in this venture.

Bin Saqib emphasized that establishing the Bitcoin strategic reserve marks only the beginning of Pakistan’s commitment to embracing the cryptocurrency industry.

“Over 100 million individuals in our country lack banking access. We aim to provide them with tools for savings and investment to elevate their economic status. We believe that crypto and blockchain can facilitate this transformative leap,” Bin Saqib concluded.