Brazilian Congress proposal to establish strategic Bitcoin reserves, aiming to accumulate 1 million BTC within 5 years

2026-02-14 11:05:42

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ChainCatcher reports that according to the official website of the Brazilian House of Representatives, a strategic sovereign Bitcoin reserve bill called RESbit has recently been officially submitted. The bill proposes that Brazil, through a planned phased acquisition over five years, accumulates at least one million Bitcoins as a national strategic reserve asset.

The submitted bill significantly expands the scope of the previous bill regarding the use of 5% of foreign exchange reserves to purchase Bitcoin. The draft also includes provisions to prohibit the sale of Bitcoin seized by the judiciary, accept Bitcoin payments for federal taxes, and provide incentives for Bitcoin mining and holding companies. If this bill is passed, Brazil’s holdings could surpass those of the United States and China. Currently, the bill still faces restrictions under existing central bank regulations, as current regulations do not consider Bitcoin as a reserve asset.

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