The government of Pakistan is set to establish a strategic bitcoin reserve and allocate 2000 megawatts of energy for cryptocurrency mining, according to an announcement made by the Minister of State for Blockchain and Crypto, Bilal Bin Saqib, at the Bitcoin 2025 conference in Las Vegas. The move is reportedly inspired by the US government's own plans for a strategic bitcoin reserve.
Pakistan's reserve will be filled with bitcoins that will not be sold, and the government is also planning to support the development of cryptocurrency mining and AI data centers in the country. The establishment of the reserve is seen as the first step in Pakistan's efforts to embrace the crypto industry, with the goal of providing financial tools to the country's unbanked population and promoting economic growth through the use of blockchain and cryptocurrency.