Kazakhstan has announced a new step to increase its influence in the cryptocurrency field. According to a statement by Timur Suleimenov, Governor of the National Bank of Kazakhstan, cryptocurrencies seized in the country and coins obtained from state-supported mining activities will be collected in a national reserve managed by an institution affiliated with the National Bank.
A reserve will be created for cryptocurrencies in Kazakhstan
Timur Suleimenov, Governor of the National Bank of Kazakhstan, has announced a new plan that will take the country's approach to cryptocurrencies one step further. According to the plan, cryptocurrencies seized by the state and those obtained from public mining operations will be collected in a “national cryptocurrency reserve” managed by an institution affiliated with the Central Bank.
This development could increase Kazakhstan's influence in the cryptocurrency ecosystem. The country already stands out for accounting for approximately 13% of the global Bitcoin (BTC) mining hash rate. Following an energy crisis in 2022, the state carried out a major operation against illegal mining activities and seized equipment worth approximately $200 million.
According to Suleimenov, this new reserve structure will be established in a manner similar to a sovereign wealth fund model. The system, which will be managed through a single governing body, will prioritize transparency, oversight, and secure storage standards. The Central Bank governor stated, “In the face of volatile market conditions and potential cyber threats, a centralized structure will be the most viable solution.”
Details of the plan are being worked out by relevant ministries and law enforcement agencies. However, no date has yet been given for when the reserve will be launched or how large it will be.
BTC reserves are growing
This move puts Kazakhstan among the countries that have created state-level cryptocurrency reserves. While the idea of a “Strategic Reserve” for Bitcoin is on the agenda in the US, states such as Arizona, Ohio, and Texas have already legalized holding BTC. Meanwhile, in the private sector, companies like MicroStrategy, Metaplanet, and GameStop have begun creating new-generation corporate treasuries by including cryptocurrencies in their balance sheets. In fact, this morning we reported that Metaplanet had added another 1,005 BTC to its treasury.
Cryptocurrency experts note that Kazakhstan's move could directly impact global Bitcoin demand. In particular, governments adopting such reserve strategies contributes to the growing acceptance of cryptocurrencies as “new-generation reserve assets.” As of June 30, 2025, Bitcoin's market value reached $2.14 trillion, with a 28.6% increase in value over the past 90 days. This momentum is believed to be driven by institutional purchases, particularly from governments and large institutions.
