DeutschKazakhstan only launched its own Bitcoin reserve in January. Now, another $350 million will indirectly flow into the crypto market. Evidently, the Asian country wants to profit from the rise of the crypto industry. Instead of just focusing on coins, they are now securing company shares.
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Kazakhstan invests $350 million in crypto: What’s behind the plan
Kazakhstan is investing a total of $350 million in crypto – Reuters reports this, citing statements from Central Bank Chairman Timur Suleimenov. According to him, the central bank has already invested $350 million in gold and foreign currencies, which are gradually to flow into the crypto market.
“We are currently compiling a list of instruments in which we will invest,” Suleimenov announced. The investment is intended to cover the crypto market as broadly as possible and therefore also include equities. Kazakhstan thus aims to invest in companies that are crucial for the industry.
“This does not only include cryptocurrency itself,” Suleimenov continued. “It also involves shares of high-tech companies dealing with cryptocurrencies, digital assets, index funds, and other assets similar to cryptocurrencies.”
Aliya Moldabekova, Deputy Chairman of the Board of the National Bank of Kazakhstan, has already revealed when the investments will begin. They are expected to start purchases in April, but no later than May.
According to her, only the smallest portion will actually end up in cryptocurrencies. The larger amount of money will flow into company shares. Which companies are eligible is unknown.
“We are not talking about large investments in cryptocurrencies here. We are currently in the process of selecting companies that deal with digital assets. For example, those involved in the infrastructure for cryptocurrencies. We are working to select such companies.”
How seriously Kazakhstan is betting on crypto
After months of planning, Kazakhstan already announced the launch of its own Bitcoin reserve in November 2025 – also known as the Alem Crypto Fund. In January, the National Bank of Kazakhstan launched the reserve with a volume of $350 million. The invested BTC primarily originate from confiscations.
Because: In recent years, Kazakhstan pursued a rather critical crypto policy. After China’s Bitcoin ban in 2021, many miners initially fled to Kazakhstan. However, they were not met with open arms there. The government restricted the companies’ electricity consumption and imposed special fees. Many of the aforementioned coins also stem from state interventions against miners.
The state Bitcoin reserve is apparently intended to remain in addition to the mentioned, further crypto investments. According to official figures, it is expected to reach a volume of up to one billion US dollars sooner or later.
The National Bank of Kazakhstan holds foreign exchange reserves worth $69.40 billion. They consist of gold and foreign currencies.
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