Pakistan has announced its intention to establish a government-led Bitcoin Strategic Reserve, marking a significant step toward embracing digital assets at the state level. The announcement was made by Minister of State for Finance Bilal Bin Saqib during his address at the bitcoin2025 conference in Las Vegas on Wednesday.

Bilal Bin Saqib revealed that the government is setting up a national Bitcoin wallet to hold digital assets already in state custody. He emphasized that these holdings are not intended for sale or speculation, but will serve as a sovereign reserve, reflecting Pakistan’s long-term confidence in decentralized finance. “This wallet, the National Bitcoin wallet, is not for speculation or hype. We will be holding these Bitcoins and we will never ever sell them,” he stated.

Drawing inspiration from the United States’ pro-crypto regulatory approach, the minister highlighted Pakistan’s commitment to fostering a progressive environment for digital assets. He also expressed gratitude to former U.S. President Donald Trump for his role in recent India-Pakistan peace efforts and his support for crypto adoption.

It is noteworthy that Bilal Bin Saqib, who also serves as the Chief Executive Officer of the newly established Pakistan Crypto Council, did not provide details on how the government plans to form a strategic Bitcoin reserve, especially given that Pakistan’s central bank has yet to recognize Bitcoin as legal tender.