Pakistan has announced plans to establish a government-led strategic Bitcoin reserve, marking a major shift in its approach to crypto.

The announcement was made by Bilal Bin Saqib, head of the country’s Crypto Council and special assistant to the prime minister on blockchain and crypto, at the Bitcoin 2025 conference in Las Vegas.

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The strategic Bitcoin reserve will be managed by the government and is intended as a long-term holding, not for speculation or trading. Officials also emphasized that the bitcoins in the reserve would “never, ever be sold.”

The government has allocated 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers, aimed at attracting miners and infrastructure players to Pakistan.