Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years
Brazilian lawmakers have reintroduced a bill to create a national Strategic Sovereign Bitcoin Reserve, known as RESBit, proposing the gradual acquisition of one million bitcoins over five years.
Other countries like Brazil exploring Bitcoin reserves
Quite famously, El Salvador holds the mantle as the ‘world’s first country’ with a strategic Bitcoin reserve, reporting over 7,560 Bitcoin under President Nayib Bukele’s program.
Despite scaling back mandatory Bitcoin acceptance under IMF agreements, the government has maintained regular purchases, citing long-term financial sovereignty and reserve diversification. The National Bitcoin Office now splits holdings across multiple addresses to bolster security and transparency.
The Central American nation’s approach has inspired policymakers worldwide. In the United States, the BITCOIN Act of 2025 proposed somewhat of a federal strategic Bitcoin reserve, while several states, including New Hampshire and Arizona, have passed or proposed laws allowing portions of public funds to be invested in digital assets.
President Trump’s March 2025 executive order further directed federal agencies to explore Bitcoin accumulation from seized assets without new taxpayer costs.
In Europe, the Czech National Bank has a similar allocation in bitcoin, while Switzerland sees a citizen-led initiative proposing a constitutional mandate for Bitcoin holdings.
Hong Kong, Ukraine, and Pakistan are also exploring frameworks to hold Bitcoin at the national level, with Pakistan pledging never to sell its future reserves.
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