The government of Pakistan has unveiled plans to establish a Bitcoin strategic reserve, marking a significant departure from its earlier stance on cryptocurrencies. This initiative showcases Pakistan’s ambition to engage actively in the global digital asset market.
Bilal bin Saqib, the chair of the Pakistan Crypto Council, announced the development during the Bitcoin 2025 conference in Las Vegas on Wednesday. Addressing a large audience, Saqib expressed gratitude to the United States for its influence on Pakistan’s new direction.
“Today is a very historic day,” he stated. “I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve. And we want to thank the United States of America again because we were inspired by them.”
Today, rewrites history.
At Bitcoin 2025 Vegas, Minister of Crypto and Blockchain @bilalbinsaqib announces that Pakistan will be setting up its Strategic Bitcoin Reserve. pic.twitter.com/1vNjryqimf
— Pakistan Crypto Council (@cryptocouncilpk) May 29, 2025
While the announcement did not provide specifics regarding the reserve’s funding or the volume of Bitcoin to be acquired, Saqib emphasized that the intention behind holding the Bitcoin is not for market speculation.
“We will be holding these Bitcoins and we will never, ever sell them,” he asserted.
Pakistan Changes Its Stance on Cryptocurrency Amid Global Trends
Just two years prior, the finance ministry of Pakistan stated that the legalization of cryptocurrencies was not on the horizon. However, the global landscape surrounding digital assets has evolved considerably since then.
This shift in Pakistan’s perspective comes in tandem with a broader acceptance of blockchain technology across the globe, particularly influenced by the United States under President Donald Trump, whose embrace of digital currencies has inspired Pakistan’s new approach.
The country’s recent strategies reflect a national agenda aimed at enhancing its crypto ecosystem. The creation of the Pakistan Crypto Council earlier this year symbolizes a significant step toward establishing a robust framework for cryptocurrency and blockchain initiatives. Chaired by Saqib and advised by Binance founder Changpeng Zhao, the council’s mission includes fostering blockchain innovation and promoting the adoption of stablecoins and decentralized finance throughout Pakistan’s financial infrastructure.
Collaborative Efforts and Future Plans Highlight Pakistan’s Crypto Ambitions
In April, Pakistan signed a Letter of Intent with the US-based crypto firm World Liberty Financial, which has connections to former President Donald Trump’s family. This collaboration focuses on asset tokenization, stablecoin development, and the establishment of regulatory frameworks for decentralized finance, following a series of high-profile meetings involving Prime Minister Shehbaz Sharif and top military officials.
Moreover, the government has allocated 2,000 megawatts of electricity for crypto mining and artificial intelligence projects, which is anticipated to facilitate large-scale digital ventures. Plans for a regulatory framework for digital assets are also underway, with expectations of inclusion in the upcoming federal budget.
Collectively, these initiatives demonstrate Pakistan’s commitment to becoming a significant player in the global cryptocurrency arena. With approximately 25 million active crypto users and an impressive annual transaction volume of $300 billion, as reported by Chainalysis, the country is emphasizing its potential within this rapidly growing sector.
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