Pakistan to Set up a Bitcoin Strategic Reserve, Allocate 2000 Megawatts of Vitality for Crypto Mining
LAS VEGAS, Nevada — The federal government of Pakistan has plans to determine a strategic bitcoin
reserve and assist 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 had 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 — no less than at first — be crammed with the U.S. authorities’s holdings from legal and civil forfeitures, estimated to sit down 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 rigorously.”
Just like the bitcoins earmarked for the U.S. strategic reserve, Bin Saquib mentioned that the Pakistani authorities wouldn’t promote its bitcoins.
“This pockets, the nationwide bitcoin pockets, will not be for hypothesis or hype. We shall be holding these bitcoins and we are going to by no means, ever promote them,” Bin Saqib mentioned.
Along with organising 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 wish to welcome all miners to come back to Pakistan, all of the infrastructure gamers to come back to Pakistan and construct with us,” Bin Saqib mentioned.
Bin Saqib mentioned that the institution of a bitcoin strategic reserve in Pakistan can be “just the start” of the nation’s embrace of the crypto business.
“We now have over 100 million unbanked folks. They lack instruments for saving, for funding, and we wish to change that. We would like them to interrupt their financial lessons. And I actually imagine that crypto and blockchain might help us take that quantum leap,” Bin Saqib mentioned. “We wish to tokenize our illiquid property. We wish to do digital IDs … So Pakistan is searching for allies. Pakistan is searching for entry, as a result of Pakistan desires to construct.”
