{"id":3613,"date":"2025-05-29T05:16:15","date_gmt":"2025-05-29T05:16:15","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/05\/29\/pakistan-to-create-strategic-bitcoin-reserve-earmarks-2000mw-for-crypto-mining\/"},"modified":"2025-05-29T05:16:15","modified_gmt":"2025-05-29T05:16:15","slug":"pakistan-to-create-strategic-bitcoin-reserve-earmarks-2000mw-for-crypto-mining","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/05\/29\/pakistan-to-create-strategic-bitcoin-reserve-earmarks-2000mw-for-crypto-mining\/","title":{"rendered":"Pakistan to create strategic Bitcoin reserve, earmarks 2000MW for crypto mining"},"content":{"rendered":"

Pakistan is set to embark on a significant foray into the cryptocurrency landscape, with the government announcing plans to establish a strategic Bitcoin (BTC) reserve and allocate substantial energy resources to support Bitcoin mining operations. <\/span><\/p>\n

The announcement, delivered by Minister of State for Blockchain and Crypto Bilal Bin Saqib at the Bitcoin 2025 conference in Las Vegas on Wednesday, signals a bold new direction for the nation\u2019s digital asset policy.<\/span><\/p>\n

Minister Bin Saqib revealed that Pakistan\u2019s initiative to create a strategic Bitcoin reserve draws inspiration from similar nascent plans within US President Donald Trump\u2019s administration. <\/span><\/p>\n

The US strategy reportedly involves populating its reserve, at least initially, with Bitcoin holdings seized from criminal and civil forfeitures, estimated to be around 200,000 BTC. <\/span><\/p>\n

He also noted that the Pakistani government is closely monitoring the US\u2019s legislative efforts concerning stablecoins, specifically the \u2018Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act,\u2019 stating they are following it \u201cvery carefully.\u201d<\/span><\/p>\n

Emphasizing a long-term commitment, Bin Saqib assured that, much like the bitcoins earmarked for the U.S. strategic reserve, Pakistan does not intend to liquidate its holdings. <\/span><\/p>\n

\u201cThis wallet, the national bitcoin wallet, is not for speculation or hype,\u201d Bin Saqib declared. <\/span><\/p>\n

\u201cWe will be holding these bitcoins and we will never, ever sell them.\u201d <\/span><\/p>\n

This HODL (Hold On for Dear Life) approach underscores a belief in Bitcoin\u2019s enduring value and its potential as a national asset.<\/span><\/p>\n

Powering the future: energy allocation for mining and AI<\/span><\/h2>\n

Beyond the strategic reserve, Pakistan is taking concrete steps to foster a domestic Bitcoin mining industry. <\/span><\/p>\n

Minister Bin Saqib announced that the government has earmarked a substantial 2,000 megawatts of electricity specifically for Bitcoin mining operations and AI data centers. <\/span><\/p>\n

This significant energy allocation is a clear invitation to global players in the crypto mining and infrastructure sectors.<\/span><\/p>\n

\u201cWe want to welcome all miners to come to Pakistan, all the infrastructure players to come to Pakistan and build with us,\u201d Bin Saqib proclaimed, signaling an open-door policy aimed at attracting international investment and expertise to develop the country\u2019s digital infrastructure.<\/span><\/p>\n

\u2018Just the beginning\u2019: a broader vision for crypto adoption<\/span><\/h2>\n

According to Minister Bin Saqib, the establishment of a Bitcoin strategic reserve and the support for mining are merely the initial steps in Pakistan\u2019s broader embrace of the cryptocurrency industry. <\/span><\/p>\n

He highlighted the transformative potential of digital assets for the nation\u2019s large unbanked population.<\/span><\/p>\n

\u201cWe have over 100 million unbanked people. They lack tools for saving, for investment, and we want to change that. We want them to break their economic classes,\u201d Bin Saqib explained. <\/span><\/p>\n

\u201cAnd I really believe that crypto and blockchain can help us take that quantum leap.\u201d <\/span><\/p>\n

He further articulated a vision that includes tokenizing illiquid national assets and implementing digital identification systems. <\/span><\/p>\n

\u201cSo Pakistan is looking for allies. Pakistan is looking for access, because Pakistan wants to build,\u201d he concluded, emphasizing a collaborative approach to achieving these ambitious goals.<\/span><\/p>\n

The post Pakistan to create strategic Bitcoin reserve, earmarks 2000MW for crypto mining<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Pakistan is set to embark on a significant foray into the cryptocurrency landscape, with the government announcing plans to establish a strategic Bitcoin (BTC) reserve and allocate substantial energy resources to support Bitcoin mining operations. The announcement, delivered by Minister of State for Blockchain and Crypto Bilal Bin Saqib at the Bitcoin 2025 conference in […]<\/p>\n","protected":false},"author":0,"featured_media":3614,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3613","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3613"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3614"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}