Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has expressed his willingness to contribute as an advisor to the development of Pakistan’s state bitcoin reserve. During a meeting with Pakistan’s Finance Minister Muhammad Aurangzeb and the head of the country’s Cryptocurrency Council Bilal bin Saqib, the prospects of using bitcoin in state reserves and the development of digital assets were discussed.
This is reported by Finway
Pakistan Aims to Become a Cryptocurrency Leader in the Global South
Saylor emphasized that Pakistan has all the necessary resources to implement a bitcoin reserve strategy and highlighted the country’s high potential in human capital. He stated that he is ready to provide expert support in the implementation of digital assets and the formation of an appropriate strategy.
“Pakistan has many brilliant people, and you do business with them all over the world. You have the most important things — will, clear vision, and leadership, and that inspires confidence,” Saylor said.
According to Finance Minister Aurangzeb, Pakistan plans to become one of the leaders in the Global South in the field of digital assets. The head of the Cryptocurrency Council, Bilal bin Saqib, noted that the country already has all the prerequisites for creating a powerful bitcoin reserve, including developed human capital, experience, and energy.
Regulatory Initiatives and Industry Development
In May 2025, Saqib announced plans to form a strategic crypto reserve based on bitcoin. Saylor, recognized as one of the most influential advocates for institutional bitcoin adoption, and his company Strategy holds the largest corporate portfolio of this cryptocurrency — 582,000 BTC.
In March, plans were revealed to legalize cryptocurrencies in Pakistan to attract foreign investments. At that time, the number of cryptocurrency users in the country had already reached nearly 20 million. In June, the Pakistan Crypto Council, established with government support, presented a draft legal framework for regulating cryptocurrencies, which the Ministry of Finance plans to publish expeditiously.
Bilal bin Saqib, who heads the council, is also an advisor to the cryptocurrency platform World Liberty Financial, associated with the family of former U.S. President Donald Trump. He previously reported on negotiations with bitcoin miners regarding the use of excess electricity for bitcoin mining and supporting artificial intelligence centers. Subsequently, 2000 MW of electricity was allocated for these purposes.
In April 2025, former Binance CEO Changpeng Zhao was appointed as a member of the Cryptocurrency Council.