Kazakhstan will fund a national crypto reserve by taking a 10% cut of the coins its bitcoin miners produce, set through a presidential decree and a government resolution. The state routes those transfers through the Astana Hub fund into a reserve managed by the National Bank's investment arm.
Kazakhstan will take a 10% share of what its bitcoin miners produce to seed a national strategic crypto reserve. President Kassym-Jomart Tokayev set the plan through a decree signed July 7 and a government resolution approved July 18, routing mining output and crypto trading through Kazakh infrastructure. The plan turns the country's bitcoin mining base into a channel for state accumulation.
How the reserve collects coins
Under Government Resolution No. 638, miners receive electricity quotas at capped tariffs on 10-year contracts from listed power producers. In exchange, they hand over part of what they mine.
A formula sets the transfer at 10% of mined digital assets after electricity and grid costs, paid each month to the state-linked Astana Hub fund. That fund passes the coins to the National Investment Corporation of the National Bank, which manages them inside the reserve.
The first approved power source is the Ekibastuz GRES-1 coal plant, with a 300-megawatt quota. To qualify, a miner must run a data center of at least 150 megawatts, with rigs that each clear 150 terahashes per second.
A mining hub turned to state ends
Kazakhstan ranks fifth by mining activity in the Cambridge Digital Mining Industry Report from April 2025, a position built on cheap coal power that drew miners after China's 2021 ban. The new program reads as an attempt to harness that base rather than curb it.
The move builds on earlier steps. Kazakhstan had floated a $1 billion crypto reserve drawn partly from seized assets and state-mined coins. Its central bank also moved to invest up to $350 million in crypto-linked funds. The approach echoes the United States, which established a strategic bitcoin reserve from forfeited coins last year.
Rules beyond mining
The July 7 decree reaches past mining. It sets up a Committee on Digital Assets and Payment Systems under the National Bank and orders work on tokenization platforms, custody services, and crypto-fiat channels, and calls for stablecoins to settle cross-border trade.
To pull activity onshore, the decree offers a personal income tax exemption on crypto gains earned through Kazakh providers from the start of 2026 through the end of 2028. The government also plans a National Cryptocurrency Analysis Center by mid-2027 to track transactions and flag illicit schemes.
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