Michael Saylor Suggests Pakistan Incorporate Bitcoin into Sovereign Reserve Assets
According to Dawn on June 15, Strategy co-founder Michael Saylor recently met with Pakistani finance officials, including Blockchain State Minister Bilal Bin Saqib and Finance Minister Muhammad Aurangzeb. The meeting discussed the potential role of Bitcoin and cryptocurrency in Pakistan's economic strategy.
During the meeting, Saylor praised Pakistan's progressive attitude towards adopting cryptocurrency and urged the country to view Bitcoin as a sovereign reserve asset for monetary resilience. Saylor pointed out that emerging markets like Pakistan face unprecedented opportunities to capture the pulse of the financial future.
As early as March this year, Pakistan established the Pakistan Cryptocurrency Committee (PCC) aimed at regulating blockchain technology and integrating it into the financial system. The goal is to position Pakistan as a leader among global south countries in the development and application of digital assets, stating that the country aims to “set a benchmark for innovation, regulation, and inclusive growth in the digital economy.”
In May of the same year, Saqib revealed during a speech at the Bitcoin 2025 conference in Las Vegas that Pakistan intends to establish a strategic Bitcoin reserve. This news provides a positive signal for Pakistan's further exploration and development in the cryptocurrency sector.
During this meeting discussion, Saqib also praised Saylor for transforming a medium-sized software company into a $100 billion BTC enterprise, questioning why Pakistan could not do something similar, emphasizing that the country has the talent and vitality needed to achieve this goal.
Notably, Saylor posted a tracking screenshot of his company's investment portfolio on social media platform X on Sunday, suggesting that Strategy would buy Bitcoin again. On Monday, the company announced it had purchased $1.05 billion worth of Bitcoin. Currently, Strategy holds 592,100 Bitcoins, with an average purchase cost slightly above $70,000 each. At the current price of $107,000, the total value is approximately $63.4 billion, with an unrealized profit of 52%, or $21.9 billion.
What do you think? Do you believe Bitcoin as a sovereign reserve asset is suitable for emerging market countries like Pakistan?
