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

Congressman Miguel Luis Villafuerte of Camarines Sur has introduced House Bill No. 421, the Strategic Bitcoin Reserve Act, which would direct the Bangko Sentral ng Pilipinas (BSP) to acquire 10,000 Bitcoin over five years, purchasing 2,000 annually and storing them in cold wallets across the country [1]. The digital assets would be held in a trust for at least two decades, with access restricted to specific conditions such as reducing sovereign debt. The bill also limits liquidation to no more than 10% of the reserve every two years after the initial 20-year holding period [2].

The proposed reserve would be valued at approximately $1.1 billion at current market prices and positioned as a strategic national asset. Villafuerte has described Bitcoin as “digital gold,” highlighting its 40% average annual growth over the past five years and arguing for financial diversification beyond traditional reserves like gold and the U.S. dollar [3]. The bill emphasizes the need to act quickly to secure Bitcoin while its supply remains limited and global competition for the asset increases [4].

Transparency is a core component of the proposal, which mandates quarterly audits by independent third parties and public online reporting of reserve details, including the size of holdings, transactions, and custody of private keys [5]. This framework would make the Philippines one of the few nations with formal legislation requiring oversight and transparency in sovereign Bitcoin holdings [6].

If passed, the Philippines would hold more Bitcoin than El Salvador, which currently owns 6,276 BTC valued at around $700 million [7]. The proposed reserve would also place the Philippines close to Bhutan, a country with 10,565 Bitcoin valued at approximately $1.2 billion [8]. By establishing a formal, large-scale national Bitcoin reserve, the Philippines could become one of the largest state-level holders within five years [9].

The bill also outlines a collaborative governance structure, involving the BSP governor, the Department of Finance, the Department of Defense, and the Securities and Exchange Commission [10]. Supporters argue that the initiative aligns with the need for economic resilience, especially as the country’s public debt reaches ₱16.09 trillion ($285 billion) as of November 2024 [11]. The legislation explicitly protects private ownership rights, ensuring that individuals and businesses remain free to buy, hold, and trade Bitcoin without interference [12].

The bill reflects a broader shift in how governments view digital assets, particularly in the face of increasing geopolitical and economic uncertainties. If enacted, the Philippines would join an emerging group of nations exploring Bitcoin as a long-term reserve asset, potentially influencing global market dynamics and supply constraints [13].

Source:

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

[2] Philippines Congressman Pushes Strategic Bitcoin ... (https://bitcoinist.com/philippines-strategic-bitcoin-bill-10000-btc/)

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

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

[5] Philippine Bill Charts Path to Strategic Reserve with 10000 ... (https://ground.news/article/bitcoin-reserve-philippines-proposes-groundbreaking-strategic-fund)

[6] Bill to order BSP to accumulate Bitcoins, create reserve (https://businessmirror.com.ph/2025/08/22/bill-to-order-bsp-to-accumulate-bitcoins-create-reserve/)

[7] Bitcoin News Today: Philippines Proposes 10000 BTC ... (https://www.ainvest.com/news/bitcoin-news-today-philippines-proposes-10000-btc-strategic-reserve-years-2508/)