Technology entrepreneur and cryptocurrency advocate Waqar Zaka has announced that he will sell the Mercedes-Benz G-Wagon he won after topping an international trading competition and use the proceeds to fund scholarships and educational opportunities for talented but underprivileged Pakistanis.
In a post he shared on Instagram after his victory, Zaka said that he had no personal interest in keeping the vehicle, stressing that his priority had been finishing first in the competition.
“I’m not into cars. What mattered to me was finishing number one,” he wrote.
Zaka said that once the 2026 Mercedes-Benz G-Wagon is transferred to his name, he plans to sell it and use the proceeds to support Pakistanis with exceptional ability in mathematics, science and research, as well as students who secure admission to institutions such as Stanford University or Ivy League universities but cannot afford the costs.
“This will not be free money,” he wrote. “It will be invested in education, testing, scholarships and opportunities for people who may one day win global awards, create breakthrough research or even bring a Nobel Prize to Pakistan.”
The announcement follows Zaka’s victory in the WEEX TradFi Masters, a global solo trading competition in which more than 3,000 participants traded independently using their own capital across stocks, gold, silver, commodities and cryptocurrencies on a single platform.
According to the competition organisers, participants began with an initial capital of $100,000. Zaka generated a 74 percent return over 20 days, earning $74,000 in profit and increasing his account value to $174,000. A trader from South Korea finished second with a 57 percent return, while a participant from China placed third with 35 percent.
Organisers congratulated Zaka on the official WEEX account on X, formerly Twitter. His victory marked the first time a Pakistani trader has won the international multi-asset trading championship. Zaka had finished eighth in the previous edition before improving to claim the top position this year.
Zaka has long advocated wider adoption of cryptocurrencies in Pakistan and has previously urged the government to establish a national Bitcoin reserve.
His latest victory has renewed attention to the proposals while highlighting the growing convergence of traditional financial markets and digital asset trading.
