Pakistan Launches Its First Official Strategic Bitcoin Reserve

LAS VEGAS (RNN TV) — Pakistan has officially unveiled its first government-backed Strategic Bitcoin Reserve, marking a significant step in the country’s efforts to establish itself as a leader in digital innovation and cryptocurrency adoption. The announcement was made by Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC) and Special Assistant to the Prime Minister for Crypto and Blockchain, during his keynote address at Bitcoin Vegas 2025.

Saqib, who holds the status of a minister of state, highlighted the country’s transformation into a technology-driven hub, emphasizing Pakistan’s youthful population and its growing role in global digital finance. “Pakistan is no longer defined by its past. It is being reborn as a forward-looking hub of digital innovation — powered by its youth and led by a new generation of tech statesmen,” he stated.

In his speech, Saqib introduced the establishment of a national bitcoin wallet, which will hold digital assets under state custody. This reserve is not intended for trading or speculation but serves as a sovereign asset symbolizing Pakistan’s long-term commitment to decentralized finance.

The government’s strategy also includes allocating 2,000 megawatts of surplus electricity in the initial phase to support bitcoin mining and artificial intelligence data centers. This initiative is designed to attract investment from sovereign miners, technology firms, and clean energy companies worldwide, leveraging Pakistan’s growing energy capacity.

Saqib also shared plans for the creation of the Pakistan Digital Assets Authority (PDAA), a regulatory body tasked with developing a comprehensive and FATF-compliant framework for digital assets. The PDAA aims to foster innovation, protect investors, and formalize regulations in the burgeoning digital finance sector.

With over 40 million crypto wallets in the country and one of the largest freelancer economies globally, Pakistan is positioning itself as a major player in the digital economy. Saqib invited global developers and investors to explore opportunities in Pakistan, encouraging them to contribute to projects such as wallet development for the unbanked, land tokenization, and other blockchain innovations.

“Both Pakistan and bitcoin have suffered from bad publicity,” Saqib remarked. “But beneath the headlines, there is talent, resilience, and vision waiting to be unlocked.”

This announcement follows the government’s recent moves toward embracing cryptocurrencies, including the establishment of the Pakistan Crypto Council and Saqib’s appointment as chief adviser to the finance minister on digital assets.

The broader vision includes monetizing surplus electricity, creating high-tech jobs, attracting foreign direct investment, and generating substantial revenue for the government through this high-tech push.

With this bold move, Pakistan aims to become a front-runner in the emerging Web3 and digital finance landscape, capitalizing on its young population and strategic economic initiatives.

Source: Web Desk