Las Vegas/ USA – Newly appointed Special Assistant to the Prime Minister (SAPM) and Pakistan Crypto Council (PCC) Chief Executive Officer Bilal Bin Saqib announced Pakistan’s first government-led Strategic Bitcoin Reserve while addressing the Bitcoin 2025 conference in Las Vegas.
The event was attended by numerous high-ranking officials and distinguished individuals, including U.S. Vice President JD Vance, Eric Trump, and Donald Trump Jr. Mr. Saqib also expressed his gratitude to the U.S. President Donald Trump for his contribution to alleviating recent tensions between India and Pakistan, as well as for advocating the adoption of cryptocurrency, attributing the inspiration for Pakistan’s initiatives to U.S. policies.
Saqib emphasized that the Bitcoin reserves, which will be held in a national Bitcoin wallet, are intended to serve as a long-term sovereign asset and not for speculation or sale. He stated that the Pakistani government does not intend to use these reserves to take advantage of Bitcoin’s price fluctuations, thus ensuring their stability as a national asset.
Saqib highlighted the similarity between Pakistan and Bitcoin as they both face misunderstandings regarding their stability and risk. He encouraged the global community to recognize Pakistan’s talent, resources, and potential. Earlier, the Government of Pakistan allocated two thousand Megawatts of electricity for the mining of Bitcoin and Artificial Intelligence Data Centers.
The Finance Division states that this initiative is part of a broader strategy that aims at monetizing surplus electricity, creating high-tech jobs, attracting billions in Foreign Direct Investment, and generating substantial revenue for the government.
Finance Minister Senator Muhammad Aurangzeb said that the strategic allocation marks a critical moment in Pakistan’s digital transformation journey, to unlock its economic potential by turning excess energy into innovation, investment, and international revenue.
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