Home Philippines Proposes 10,000 BTC Strategic Reserve

Philippines Proposes 10,000 BTC Strategic Reserve

Share
Philippines
Virtual Digital Assets
Share

A bold proposal in the Philippines seeks to create a 10,000 BTC sovereign reserve. House Bill 421, introduced by Congressman Miguel Luis Villafuerte, directs the Bangko Sentral ng Pilipinas to purchase 2,000 BTC each year for five years. The assets would be held in cold storage for at least 20 years.

The bill restricts sales during the holding period, except to repay government debt. Afterward, no more than 10% of the reserve could be sold within a two-year span, ensuring long-term sustainability.

Villafuerte stressed Bitcoin’s importance in strengthening national economic resilience, aligning the Philippines with nations like El Salvador and Bhutan that treat BTC as a strategic asset. The U.S. and China also hold large Bitcoin reserves, mostly confiscated.

According to Bitbo, governments worldwide hold about 517,296 BTC, or 2.46% of supply. If enacted, this legislation would mark a significant milestone in Bitcoin’s adoption as a sovereign financial instrument.

Share

Leave a comment

Leave a Reply

Latest News

CLARITY Act Nears Senate Action, Lummis Says At Bitcoin Conference
News

CLARITY Act Nears Senate Action, Lummis Says At Bitcoin Conference

The U.S. senator from Wyoming, , today expressed confidence about the possibility of passing the CLARITY Act into law as soon as...

Congressman Nick Begich Pushes U.S. Bitcoin Reserve Plan, Rebrands Bill As ARMA
News

Congressman Nick Begich Pushes U.S. Bitcoin Reserve Plan, Rebrands Bill As ARMA

Congressman Nick Begich said he plans to reintroduce legislation in the coming weeks to create a strategic Bitcoin reserve. The proposal would...

Canton Tops Chain Revenue Rankings, Ahead Of Tron & Ethereum
News

Canton Tops Chain Revenue Rankings, Ahead Of Tron & Ethereum

Canton has moved to the top of DefiLlama’s chain revenue rankings, overtaking both Tron and Ethereum in the latest 24-hour data. According...

Dorsey's Block Unveils Bitcoin Proof-of-reserves In Transparency Move
News

Dorsey’s Block Unveils Bitcoin Proof-of-reserves In Transparency Move

Online payments firm Block has launched proof-of-reserves for its corporate Bitcoin treasury and two of its flagship products, Cash App and Square,...

Latest Blogs

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization increases accessibility, quickness and transparency, pushing markets to expand rapidly,...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes on to completely alter the intrinsic landscape of our industries...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s quickly changing financial scene. It is now a structural component...

How Blockchain Is Revolutionizing Real Estate Market

Introduction The real estate business is seeing significant, long-term expansion, fueled by expanding urbanization and increased investments. As it is, the global...

Related Articles

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s...

How Blockchain Is Revolutionizing Real Estate Market

Introduction The real estate business is seeing significant, long-term expansion, fueled by...