Strategy Chairman Michael Saylor said during a meeting with the country’s finance and cryptocurrency ministers that he welcomed the opportunity to advise Pakistan on its cryptocurrency ambitions.
Pakistan has secured another big name to back its crypto strategy, as Strategy Executive Chairman Michael Saylor met with the country’s Ministry of Finance, which praised its efforts in this area.
On Sunday, Saylor met with Pakistani Finance Minister Muhammad Aurangzeb and Minister of State for Blockchain and Cryptocurrency Bilal Bin Saqib, with whom he discussed how Bitcoin can serve as a state reserve and the country's planned cryptocurrency policies . Saylor welcomed the invitation to serve as an advisor, local media Dawn reported , citing a press release.
In a video posted on X on Sunday by a Finance Ministry official, Saylor told the duo that “Pakistan has a lot of brilliant people doing business in this country ,” citing his bitcoin-buying company as an example of how the country can demonstrate its “intellectual leadership.”
Strategy, formerly known as MicroStrategy, holds the largest amount of Bitcoin among publicly traded companies, with 582,000 BTC worth more than $61 billion, according to Bitbo.
Strategy famously sold billions of dollars in debt and equity to finance its BTC purchases, with its share price soaring more than 3,000% since its first purchase in mid-2020.
Saylor: Market Will Support Pakistan's Crypto Vision
Pakistan last month embarked on a path towards greater openness towards cryptocurrencies, creating an authority to regulate the sector, while Saqib said the country would create a Bitcoin reserve .
Saylor told Aurangzeb and Saqib that the markets gave him billions of dollars “because they trust us,” adding that “the most important thing is leadership, intellectual leadership and the fact that they trust you.”
“If the world trusts you and listens to your words, especially when you speak specifically, capital and skills will flow into Pakistan. The capital is there, it just wants to find a home.”
Saylor added that when the market determines who the leader is in a particular industry, “it sides with that leader and sends its money to that leader, and I think it will do that with Pakistan as well.”
“You have the most important thing, which is commitment, will and clarity. I look forward to working with you ,” Saylor concluded.
Pakistan Aims to Take Lead in the Global South in Crypto
In the reported statement, Saqib’s office called the conversation with Saylor a “milestone in Pakistan’s commitment to building a robust digital asset regulatory framework” and touting the country as an “emerging market ready for Web3 and Bitcoin.”
Aurangzeb added that Pakistan “aspires to lead the Global South in the development and adoption of digital assets ,” referring to the group of nations generally considered to have a lower level of economic development.
Saqib added that Pakistan should follow Saylor's example and enter the Bitcoin market.
“If private individuals can do it in the United States, why can’t Pakistan, as a nation, do the same?” he asked. “We have the talent, the history and the energy.”
Pakistan Crypto Council Helps Draft Crypto Laws
Earlier this month, on June 6, the government-backed Pakistan Crypto Council submitted a draft legal framework, for which the Ministry of Finance agreed to expedite the approval process.
The crypto council was established in March, with Saqib as its CEO. Saqib also serves as an advisor to World Liberty Financial, the cryptocurrency platform linked to U.S. President Donald Trump and his family.
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