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Pakistan Taps Michael Saylor to Bolster Ambitious Crypto Vision
Pakistan has taken a bold step forward in its pivot to digital assets, securing support from Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), during a high-level meeting in Islamabad on Sunday. The crypto advocate and corporate titan met with Finance Minister Muhammad Aurangzeb and State Minister for Blockchain and Crypto, Bilal Bin Saqib, to discuss Pakistan’s evolving crypto policy and ambitions to integrate Bitcoin into its financial strategy.
According to a statement reported by Dawn, the trio explored how Bitcoin could potentially serve as a reserve asset and bolster the country’s crypto infrastructure. Saylor expressed admiration for Pakistan’s momentum in the space and signaled his willingness to serve in an advisory capacity.
“Pakistan has many brilliant minds and is open for business,” Saylor remarked in a video shared by a Finance Ministry official. Citing Strategy’s own journey—having amassed over 582,000 BTC valued at more than $61 billion—he emphasized the global confidence that can be harnessed through visionary leadership.
A Strategic Bet on Crypto
Under Saylor’s stewardship, Strategy has become the largest public holder of Bitcoin. The company has raised billions through equity and debt offerings to fund its Bitcoin acquisitions, propelling its share price by over 3,000% since mid-2020.
Saylor told Pakistani officials that the global market backed his firm not just for its balance sheet, but because of trust in its leadership. “If the world hears you speak with clarity, capital and capability will flow into Pakistan,” he said. “People follow intellectual leadership.”
Building a Crypto-Ready Nation
Pakistan is signaling a significant shift in policy. Last month, the government launched a crypto authority to regulate the sector, and announced plans to establish a national Bitcoin reserve. Saqib noted that Pakistan is positioning itself to become a crypto hub in the Global South.
“This is a milestone for Pakistan’s digital asset roadmap,” Saqib’s office stated, calling the meeting with Saylor a pivotal moment in crafting a forward-looking crypto framework. Aurangzeb added that the country is aiming to lead developing economies in the Web3 space.
Saqib underscored Saylor’s transformation of Strategy into a Bitcoin powerhouse as a model. “If individuals in the U.S. can do this, so can a nation like Pakistan. We have the talent, the vision, and the momentum,” he said.
Crypto Council Spearheads Legal Framework
This month, the newly formed Pakistan Crypto Council, established in March with Saqib as its CEO, submitted a draft legal framework for digital assets. The Finance Ministry has pledged to expedite its approval.
The council’s work marks a crucial step in aligning Pakistan’s financial ecosystem with emerging digital economies. Saqib also serves as an adviser to World Liberty Financial, a crypto platform linked to former U.S. President Donald Trump’s family, further signaling the international reach of Pakistan’s crypto ambitions.
