Pakistan just flipped the script on crypto.
On May 28, at the Bitcoin 2025 event in Las Vegas, Bilal Bin Saqib—head of Pakistan’s crypto council—grabbed the mic and stunned the crowd:
“Today, Pakistan is officially launching its Bitcoin Strategic Reserve. Inspired by the U.S., we’re going full crypto.”
Yes, you read that right. The same country that once said “crypto will never be legal” is now stockpiling Bitcoin like it’s digital gold.
From Never-Ever to HODL
This move is a 180. Just a year ago, Pakistan was against legalizing crypto. Now, it’s riding the wave set off by the U.S. under President Trump’s crypto-friendly pivot.
Building the Bitcoin Machine
It didn’t happen overnight. Back in February 2025, the government toyed with the idea of a National Crypto Council. The goal? Create smart crypto rules and pull in foreign investment.
Fast forward to May, and they allocated 2,000 megawatts of leftover power—yes, megawatts—for Bitcoin mining and high-performance data centers.
They’re even using unused energy to mint BTC. Call it turning heat into coin.
The Heavy Hitters
Pakistan brought in some big crypto brains. Binance’s ex-CEO, Changpeng “CZ” Zhao, joined the council in April to advise on blockchain, regulation, and all things digital asset.
Even Trump’s DeFi group, World Liberty Financial (WLFI), got involved. On April 27, WLFI signed on to help Pakistan tokenize real-world assets and test out DeFi tools.
And in the latest power move, the Ministry of Finance is creating a brand-new Digital Asset Authority to regulate crypto firms and hand out licenses.
megawatt = 1 million watts, used to measure large-scale power output
DeFi = decentralized finance, financial services run on blockchain without middlemen