Kazakhstan’s central bank plans to invest up to $350 million from its gold and foreign exchange reserves into assets linked to cryptocurrencies and digital assets.
Allocation and timeline
Governor Timur Suleimanov said the bank is developing a list of acceptable investments that will go beyond direct cryptocurrency holdings, according to a Reuters report.
Deputy central bank chair Aliya Moldabekova said the purchases are scheduled for April and May.
She said authorities are taking a cautious approach:
“We are not talking about any large investment in cryptocurrencies.”
What the bank says it will buy
Officials said the strategy will focus on shares of high-tech companies connected to digital assets, cryptocurrency infrastructure firms, and crypto-linked index funds.
Moldabekova added:
“We are currently selecting companies that deal with digital assets, for example those involved in cryptocurrency infrastructure.”
Context in reserves and mining
The planned allocation would be a small fraction of Kazakhstan’s $69.4 billion in gold and FX reserves as of Feb. 1.
The country became a major bitcoin mining hub after China’s 2021 mining ban pushed operators abroad, a shift that coincided with changes in global network hashrate.
CoinDesk also noted that Astana-based Fonte Capital introduced Central Asia’s first spot bitcoin ETF in 2025.
