Bitcoin News Today: Philippines Proposes 10000 Bitcoin Strategic Reserve Over 5 Years

A Philippine lawmaker has introduced a groundbreaking legislative proposal aimed at positioning the country as a major state-level holder of Bitcoin. The bill, titled the "Strategic Bitcoin Reserve Act," was filed by Representative Miguel Luis R. Villafuerte and seeks to direct the Bangko Sentral ng Pilipinas (BSP) to acquire 10,000 Bitcoin over a five-year period, with 2,000 coins to be purchased annually [1]. The proposed reserve would be stored securely and held in trust for a minimum of two decades, with the stated objective of enhancing the nation’s financial resilience and diversifying its assets amid global economic uncertainties [2].

The bill outlines a structured "Bitcoin Purchase Program" under which the BSP would serve as a long-term custodian of the digital asset. It further mandates a proof-of-reserves system, requiring the central bank to publish quarterly reports on holdings, transactions, and custody arrangements [3]. The reserve would not be liquidated under normal circumstances, except in cases of retiring government debt, a provision designed to prevent short-term market manipulation and ensure alignment with long-term strategic investment goals [4].

At current prices, the $116,850 per Bitcoin valuation means the total value of the reserve would exceed $1.1 billion [5]. If enacted, the Philippines would surpass El Salvador’s 6,276 Bitcoin holdings and rival Bhutan’s 10,565 Bitcoin reserve, positioning the country among the largest sovereign holders of the cryptocurrency [6]. Villafuerte has described Bitcoin as a “digital gold,” emphasizing its role as a strategic asset capable of safeguarding the nation’s financial future [7].

The proposal reflects a broader shift in how some governments are beginning to view digital assets. While few nations have ventured into this domain, the bill signals a growing recognition of Bitcoin’s potential as an alternative reserve asset. However, the initiative also raises critical questions regarding the volatility of the cryptocurrency and the capacity of the BSP to manage and protect the asset over the proposed 20-year period [8]. Analysts note that the success of the bill will depend largely on regulatory preparedness, cybersecurity measures, and the development of international best practices for managing sovereign crypto holdings [9].

The bill is currently under congressional review, with policymakers expected to weigh its potential benefits against the associated risks in the months ahead. Its passage would mark a significant milestone in the Philippines’ approach to financial security and asset diversification in the digital age.

[1] Philippines Proposes Massive 10,000 Bitcoin Buy for Strategic Reserve. Yahoo Finance. https://finance.yahoo.com/news/philippines-proposes-massive-10-000-172644985.html

[2] Philippines considers establishing a national Bitcoin reserve. Crypto Briefing. https://cryptobriefing.com/philippines-bitcoin-reserve-legislation/

[3] New Bill Seeks National Bitcoin Reserve in Philippines. Coinspeaker. https://www.coinspeaker.com/new-bill-seeks-national-bitcoin-reserve-in-philippines/

[4] the bill calls Central bank to acquire 10000 BTC over 5 ... AInvest. https://www.ainvest.com/news/cryptooindia-posted-philippine-congressman-proposes-strategic-bitcoin-reserve-bill-bill-calls-central-bank-acquire-10-000-btc-5-years-strengthen-national-security-2508/

[5] Bitcoin News Today: Philippines Proposes 10000 BTC ... AInvest. https://www.ainvest.com/news/bitcoin-news-today-philippines-proposes-10-000-btc-strategic-reserve-20-years-2508/

[6] 'Digital gold': House bill urges BSP to establish Bitcoin ... Manila Bulletin. https://mb.com.ph/2025/08/21/digital-gold-house-bill-urges-bsp-to-establish-bitcoin-reserve

[7] Philippines Proposes Strategic Bitcoin Reserve Bill to ... The Crypto Basic. https://thecryptobasic.com/2025/08/22/philippines-proposes-strategic-bitcoin-reserve-bill-to-accumulate-10000-btc/

[8] Philippine Lawmaker Pushes Bitcoin Reserve Bill, Calls for ... Blockonomi. https://blockonomi.com/philippine-lawmaker-pushes-bitcoin-reserve-bill-calls-for-10000-btc-national-stockpile/

[9] Philippines lawmaker introduces legislation to acquire ... Coinlive. https://www.coinlive.com/news-flash/876830