The Philippines has superior towards adopting Bitcoin as a strategic reserve asset. 36-year-old Congressman Miguel Luis Villafuerte launched the Strategic Bitcoin Reserve Act, calling for buying 10,000 BTC over 5 years.
If enacted, the measure would place Bitcoin alongside gold and foreign-exchange reserves, making the Philippines one of many world’s largest state-level cryptocurrency holders.
Invoice Particulars: 10,000 BTC Goal, 20-Yr Lock-In
Home Invoice No. 421, filed on August 22, 2025, directs the Bangko Sentral ng Pilipinas (BSP) to buy 2,000 BTC yearly over 5 years.
The legislation mandates a 20-year minimal holding interval, after which it could enable solely restricted gross sales. The reserve might liquidate not more than 10% inside two years, and just for retiring sovereign debt.
Consultant Villafuerte described Bitcoin as ‘a contemporary strategic asset, similar to digital gold,’ arguing that the Philippines shouldn’t let different international locations depart it behind whereas accumulating reserves.
A Strategic Bitcoin Reserve Invoice has been filed by Rep. Miguel Villafuerte within the Home of Representatives. The Invoice seeks to buy 10,000 BTC over a 5-year interval. pic.twitter.com/0coTMQrVvh
— Dicki Devesa (@57twl57) August 22, 2025
A Strategic Bitcoin Reserve Invoice has been filed by Rep. Miguel Villafuerte within the Home of Representatives. The Invoice seeks to buy 10,000 BTC over a 5-year interval. As of November 2024, the Philippines carried ₱16.09 trillion ($285 billion) in debt, with almost 68% owed domestically. Supporters argue that diversifying reserves past the US greenback and gold is crucial for stability, notably in gentle of worldwide monetary uncertainty.
“The nation should stockpile strategic property corresponding to Bitcoin to safeguard our nationwide curiosity,” the invoice’s explanatory word states
Philippines Tightens Oversight of Bitcoin Reserves
The reserve could be saved in chilly storage amenities distributed nationwide, with restricted entry. The BSP governor would oversee the reserve, supported by the Division of Finance, Division of Protection, and Securities and Trade Fee.
The invoice requires quarterly proof-of-reserve audits by impartial third events to construct belief. These experiences should be printed on-line for full public transparency.
The laws additionally affirms that non-public residents and companies are free to carry and commerce Bitcoin with out authorities interference.
International Race Heats Up as Governments Stockpile Bitcoin
Governments worldwide are more and more turning to Bitcoin. In response to CoinGecko knowledge this month, eleven governments collectively maintain 480,196 BTC, value about $56 billion—roughly 2.29% of Bitcoin’s provide. The record consists of North Korea (13,562 BTC), Bhutan (10,769 BTC), and El Salvador (6,268 BTC).
El Salvador stays the highest-profile adopter after making Bitcoin authorized tender in 2021. Regardless of declining retail utilization, it has lately amassed, including 22 BTC, lifting its sovereign holdings above $725 million.
The Philippines plans a ten,000 BTC reserve exceeding $1.1 billion on the present $116,850 per coin stage. That dedication might place the nation alongside Bhutan and forward of El Salvador in sovereign holdings.
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