The government eyes setting up a national crypto wallet for Bitcoin transactions.

Pakistan has officially announced plans to establish a strategic Bitcoin reserve, marking a significant shift in its approach to digital assets. The initiative is part of the government’s broader effort to integrate blockchain technologies into the country’s financial and economic systems.

Speaking at the Bitcoin 2025 conference in Las Vegas, Bilal Bin Saqib, head of the newly formed Pakistan Crypto Council, revealed that the government will launch a national Bitcoin wallet to hold long-term reserves.

He emphasized that the move is not speculative, he stressed, but part of a long-term state strategy, under which the government would “never, ever sell the Bitcoin it acquires.”

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This decision signals a major departure from Pakistan’s previous skepticism toward cryptocurrencies. Saqib said the strategy was inspired by the U.S. government’s own Bitcoin reserve plans, and that Pakistan aims to follow a similar path in building blockchain-based financial infrastructure.

At the same time, Pakistan is moving to regulate its digital asset ecosystem. The government recently unveiled plans to create the Pakistan Digital Assets Authority — a regulatory body approved by the Ministry of Finance to oversee crypto exchanges, custodians, tokenization platforms, and other related services.

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However, it is unclear whether the Bitcoin will be acquired through direct purchases or alternative means.

The Pakistan Crypto Council, established earlier this year, is playing a key role in shaping these reforms. It estimates that there are approximately 40 million cryptocurrency users in Pakistan as of 2025.

Other sources suggest a lower figure, estimating between 15–20 million users (around 6–8% of the population). A 2022 industry estimate indicates between 1 and 2 million active cryptocurrency traders in Pakistan (via web trading or apps).

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According to CoinLedger, around 9 million Pakistanis own crypto, mainly Bitcoin, which is approximately 4.1% of the population.

Saqib also announced that 2,000 megawatts of surplus electricity will be allocated to support Bitcoin mining and AI data centers, aiming to generate revenue, create jobs, and attract foreign investment. The plan is also seen as a way to put stranded energy resources to productive use and modernize Pakistan’s power infrastructure.

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