Pakistan’s Crypto Moves Get Backing From Strategy’s Saylor
Pakistan's Ministry of Finance engaged with Michael Saylor, executive chair of Strategy, to discuss the country's crypto initiatives. Saylor praised Pakistan's potential in cryptocurrency, emphasizing Bitcoin's role in state reserves and the importance of intellectual leadership. Strategy holds 582,000 BTC, valued over $61 billion, and has significantly increased its share price since investing in Bitcoin. Pakistan is enhancing its crypto-friendly environment, having established a crypto authority and plans for a Bitcoin reserve. Finance Minister Aurangzeb aims for Pakistan to lead the Global South in digital asset adoption. The Pakistan Crypto Council is drafting legal frameworks to support this vision, with Saqib advocating for national investment in Bitcoin similar to Saylor's approach.
