allocates – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 25 May 2025 11:09:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 allocates – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Pakistan allocates 2,000MW power for Bitcoin mining and AI centers https://earlybirdsinvest.com/pakistan-allocates-2000mw-power-for-bitcoin-mining-and-ai-centers/ https://earlybirdsinvest.com/pakistan-allocates-2000mw-power-for-bitcoin-mining-and-ai-centers/#respond Sun, 25 May 2025 11:09:24 +0000 https://earlybirdsinvest.com/pakistan-allocates-2000mw-power-for-bitcoin-mining-and-ai-centers/

Pakistan has allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers.

The move is part of a broader digital transformation plan spearheaded by the Pakistan Crypto Council and backed by the Ministry of Finance, according to a May 25 report by local news outlet 24NewsHD TV Channel.

In the first phase, the government plans to channel excess power into AI infrastructure and crypto mining operations. Finance Minister Muhammad Aurangzeb said the decision is expected to attract billions in foreign investment while generating high-tech employment across the country.

The initiative’s second phase will introduce access to renewable energy for mining operations, aiming to balance growth with environmental responsibility.

Related: Trump-backed World Liberty Financial partners with Pakistan Crypto Council

Pakistan unveils tax incentives to attract investors

Per the report, interest from international Bitcoin (BTC) miners and AI firms has already picked up. Officials confirmed that multiple foreign delegations have visited Pakistan in recent months to explore potential partnerships.

To further incentivize investment, the Ministry of Finance announced a package of tax incentives for AI centers and duty exemptions for Bitcoin miners.

Bilal Bin Saqib, CEO of Pakistan’s Crypto Council, reportedly welcomed the development, calling it a “turning point” for the country’s digital economy.

Saqib claimed that with clear regulations and a transparent framework, Pakistan could emerge as a significant player in the global crypto and AI sectors.

Saqib first proposed using the country’s runoff energy to fuel Bitcoin mining at the Crypto Council’s inaugural meeting on March 21.

The meeting included lawmakers, the Bank of Pakistan’s governor, the chairman of Pakistan’s Securities and Exchange Commission (SECP), and the federal information technology secretary.

Related: Pakistan proposes compliance-based crypto regulatory framework — Report

Pakistan creates Digital Asset Authority

On May 21, Pakistan’s Ministry of Finance endorsed the creation of a dedicated body to regulate blockchain-based financial infrastructure in the country.

The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing and regulating exchanges, custodians, wallets, tokenized platforms, stablecoins, and decentralized finance applications.

The PDAA will also be tasked with tokenizing national assets and government debt, facilitating monetization of Pakistan’s surplus electricity through regulated Bitcoin mining, and helping startups build blockchain-based solutions at scale.

Pakistan ranked highly in Chainalysis’ 2024 crypto adoption index, coming in ninth, mainly due to strong retail adoption and transactions at centralized services.

Pakistan ranked highly in Chainalysis’ 2024 crypto adoption index, coming in 9th. Source: Chainalysis

Data from Statista also shows Pakistan’s crypto market is “experiencing rapid growth,” estimating the number of crypto users to amount to over 27 million by 2025, out of a population of 247 million.

Magazine: Bitcoin bears eye $69K, CZ denies WLF ‘fixer’ rumors: Hodler’s Digest, May 18 – 24

]]> https://earlybirdsinvest.com/pakistan-allocates-2000mw-power-for-bitcoin-mining-and-ai-centers/feed/ 0 38222 Méliuz becomes first publicly-traded Brazilian company to invest in Bitcoin, allocates 10% of cash reserves https://earlybirdsinvest.com/meliuz-becomes-first-publicly-traded-brazilian-company-to-invest-in-bitcoin-allocates-10-of-cash-reserves/ https://earlybirdsinvest.com/meliuz-becomes-first-publicly-traded-brazilian-company-to-invest-in-bitcoin-allocates-10-of-cash-reserves/#respond Thu, 06 Mar 2025 21:48:20 +0000 https://earlybirdsinvest.com/meliuz-becomes-first-publicly-traded-brazilian-company-to-invest-in-bitcoin-allocates-10-of-cash-reserves/

Méliuz, a publicly traded Brazilian company, has announced the acquisition of Bitcoin (BTC) equivalent to 10% of its cash holdings, local media reported on AMarch 6.

The company purchased 45.72 BTC for $4.1 million at an average price of $90,296 per BTC. The purchase makes Méliuz the first publicly listed Brazilian firm to hold a significant Bitcoin position as part of its treasury strategy. 

Israel Salmen, chairman and largest shareholder of Méliuz, said that the company sees Bitcoin as a more effective alternative for capital allocation.

He said:

“We see Bitcoin as a long-term store of value. We have no intention of selling the BTC we’ve acquired. We are not traders. We want to build long-term value.”

Salmen acknowledged that increasing exposure to Bitcoin introduces risk but emphasized that Méliuz has consistently been willing to take calculated risks since its founding in 2011.

Méliuz chairman also compared Bitcoin to traditional asset allocation strategies, arguing that holding excess capital in fixed-income instruments may seem prudent but results in a significant opportunity cost.

He added:

“Many see Bitcoin as a high-risk asset. But do we truly understand the concept of risk? What is riskier—holding cash reserves subject to devaluation due to aggressive monetary expansion policies or investing in a truly scarce asset that has appreciated 77% per year in dollars over the past decade and has a market capitalization of approximately $1.5 trillion?”

Following Strategy’s model

Méliuz’s Bitcoin investment strategy draws direct inspiration from Strategy. It cited the success of the company led by Michael Saylor following the addition of BTC to its treasury, with the company’s shares soaring 423% last year.

Méliuz’s move toward Bitcoin comes amid declining investor interest in its stock. The company, which reached a peak valuation of R$6 billion (over $1 billion) in mid-2021, saw its stock trade with daily volumes averaging $43.3 million at the time.

Méliuz is valued at nearly $47 million today, with less than $700,000 in daily trading volume and minimal analyst coverage. In a letter to shareholders, Salmen acknowledged this decline, noting that the company’s stock has lost market relevance.

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