Indonesia Explores Bitcoin Mining for National Reserves

  • Indonesia is considering bitcoin mining and direct holdings for national reserves.
  • The initiative follows similar moves by countries like the US, El Salvador, and Bhutan.
  • Officials discussed gradual adoption to complement existing gold and dollar reserves.
Indonesia Explores Bitcoin Mining for National Reserves
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Indonesia has initiated formal discussions on integrating bitcoin into its national reserves, following a high-level meeting between the Vice President’s office and Bitcoin Indonesia, the country’s largest bitcoin community.

Reserve diversification discussions

The meeting focused on bitcoin’s potential to strengthen Indonesia’s long-term economic resilience.

Officials considered both direct holdings and the use of bitcoin mining as part of a broader reserve strategy aimed at hedging against inflation and global monetary shifts.

Currently, Indonesia’s reserves are primarily comprised of gold, US dollars, and sovereign bonds.

Adding bitcoin would represent a significant step toward digital asset adoption and diversification.

Global context and sovereign strategies

The move comes as sovereign accumulation of bitcoin gains momentum worldwide.

The United States has established a Strategic Bitcoin Reserve holding nearly 200,000 BTC, while El Salvador and Bhutan have pursued state-led bitcoin purchases and mining.

Other nations such as Kazakhstan and Pakistan are also evaluating bitcoin-related strategies, with Pakistan considering channeling excess energy to mining bitcoin.

Indonesia’s next steps

Officials expressed interest in further education around bitcoin and its long-term value trajectory, with some referencing Indonesia’s 100th independence anniversary in 2045 as a possible milestone.

Presenters at the meeting recommended a gradual approach, suggesting limited bitcoin holdings or mining operations to complement existing reserves without disrupting traditional structures.

This pivotal discussion signals Indonesia’s intent to reassess its reserve mix in response to shifting global economic conditions and the increasing institutional acceptance of bitcoin as a sovereign asset.

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