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The Polylog Crypto Intelligence Brief

Morning Edition · Saturday, July 25, 2026Published at 1:44 AM EDT · New York

Kazakhstan Will Fund a National Crypto Reserve With a Cut of Miners' Output

A July 18 resolution grants strategic miners up to ten-year electricity contracts in exchange for transferring part of their mined coins to a state reserve managed by the central bank's investment arm.

Kazakhstan Will Fund a National Crypto Reserve With a Cut of Miners' Output

Kazakhstan has approved rules requiring large "strategic" crypto miners to hand part of their mined coins to a national digital-asset reserve in exchange for regulated, discounted electricity. Government Resolution No. 638, adopted July 18…

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States Build Sovereign Crypto Reserves

Resource-rich and mining-heavy governments increasingly treat Bitcoin as a reserve-eligible asset, converting domestic energy and mining output into state holdings rather than relying on fiat purchases.