Brazil Eyes 1 Million Bitcoin For National BTC Reserve

Brazilian lawmakers have reintroduced a invoice to create a nationwide Strategic Sovereign Bitcoin Reserve, generally known as RESBit, proposing the gradual acquisition of 1 million bitcoins over 5 years. 

The invoice, introduced by Federal Deputy Luiz Gastão (PSD/CE), outlines a complete framework to combine Bitcoin into the nation’s monetary technique and diversify nationwide reserves.

The proposed laws establishes a number of pointers for RESBit. First, the plan requires a gradual accumulation of a minimum of 1,000,000 BTC over 5 years. It prohibits the sale of bitcoins seized by Brazilian judicial authorities, making certain that these belongings stay inside public management. 

The invoice additionally permits for the gathering of Brazil’s federal taxes in Bitcoin and gives incentives for public corporations to have interaction in Bitcoin mining and storage.

Transparency is a central function of the proposal. The invoice mandates public disclosure of RESBit’s bitcoin holdings via internet-based platforms, enabling auditing by the general public.

It emphasizes safe storage of digital belongings utilizing applied sciences corresponding to chilly wallets, multisignature wallets, and different internationally acknowledged mechanisms.

As well as, the laws permits short-term holdings of spot ETFs backed by bitcoin within the reserve portfolio, topic to pressing and restricted circumstances.

If accepted, Brazil may be part of a small group of nations actively holding Bitcoin at a nationwide degree, probably surpassing main holders like the US and China. 

Different international locations like Brazil exploring Bitcoin reserves 

Fairly famously, El Salvador holds the mantle because the ‘world’s first nation’ with a strategic Bitcoin reserve, reporting over 7,560 Bitcoin underneath President Nayib Bukele’s program.

Regardless of scaling again necessary Bitcoin acceptance underneath IMF agreements, the federal government has maintained common purchases, citing long-term monetary sovereignty and reserve diversification. The Nationwide Bitcoin Workplace now splits holdings throughout a number of addresses to bolster safety and transparency.

The Central American nation’s strategy has impressed policymakers worldwide. In the US, the BITCOIN Act of 2025 proposed considerably of a federal strategic Bitcoin reserve, whereas a number of states, together with New Hampshire and Arizona, have handed or proposed legal guidelines permitting parts of public funds to be invested in digital belongings.

President Trump’s March 2025 govt order additional directed federal businesses to discover Bitcoin accumulation from seized belongings with out new taxpayer prices.

In Europe, the Czech Nationwide Financial institution has an analogous allocation in bitcoin, whereas Switzerland sees a citizen-led initiative proposing a constitutional mandate for Bitcoin holdings. 

Hong Kong, Ukraine, and Pakistan are additionally exploring frameworks to carry Bitcoin on the nationwide degree, with Pakistan pledging by no means to promote its future reserves.