Pakistan Plans Bitcoin Strategic Reserve and Allocates 2,000 Megawatts for Mining
Pakistan plans to create a strategic bitcoin reserve and promote bitcoin mining, as announced by Minister of State for Blockchain and Crypto Bilal Bin Saqib at Bitcoin 2025 in Las Vegas.
- The reserve is inspired by the U.S. plan to establish a similar reserve using seized bitcoins.
- Pakistan's government will not sell its bitcoins, aiming for long-term holding.
- 2,000 megawatts of electricity is allocated for bitcoin mining and AI data centers.
- Bin Saqib emphasized the goal of improving financial access for over 100 million unbanked individuals.
- The establishment of the bitcoin reserve marks the start of broader crypto industry initiatives in Pakistan.