Kazakhstan Central Bank Plans up to $350 Million Allocation to Bitcoin and Digital Assets

Kazakhstan’s central bank is preparing to allocate up to $350 million from its gold and foreign exchange reserves to investments linked to Bitcoin and digital assets, according to statements made by officials during a March 6th briefing.

The development follows earlier discussions by policymakers in June 2025 about creating a national Bitcoin and digital asset reserve as part of broader efforts to expand the country’s digital asset framework.

National Bank Governor Timur Suleimanov said the institution is currently determining which financial instruments will be included in the portfolio.

“We are currently developing a list of instruments in which we will invest. This includes not only cryptocurrency itself,” Suleimanov said.

He said the portfolio could also include equity investments and funds connected to the digital asset sector.

“These include shares of high-tech companies related to cryptocurrencies and digital financial assets, index funds and other instruments that exhibit similar dynamics to crypto assets.”

Central Bank Deputy Chair Aliya Moldabekova said the first investments are expected to begin in April or May.

“We are not talking about any large investment in cryptocurrencies. We are currently selecting companies that deal with digital assets. For example, those involved in cryptocurrency infrastructure. We are currently in the process of selecting such companies,” she said.

Officials indicated the portfolio may include publicly traded instruments tied to Bitcoin and digital asset companies, including infrastructure providers, as well as funds tracking the sector.

As of February 1st, Kazakhstan’s gold and foreign exchange reserves totaled $69.40 billion, while assets in the country’s National Fund stood at $65.23 billion.