Brazil Proposes Strategic Bitcoin Reserve Targeting 1 Million BTC Over Five Years

Federal Deputy Luiz Gastão has presented legislation in Brazil's Congress to create a Strategic Sovereign Bitcoin Reserve, known as RESBit, marking one of the most ambitious national Bitcoin accumulation proposals to date ^[1].

The bill outlines a phased approach to acquire at least one million bitcoins over a five-year period while diversifying the nation's financial reserves. Under the proposal, Bitcoin confiscated through judicial proceedings would be prohibited from sale, keeping these assets under public ownership ^[1].

The legislation includes provisions allowing federal tax payments in Bitcoin and establishes incentives for state-owned enterprises to participate in Bitcoin mining and custody operations. Security measures mandate the use of cold storage solutions, multisignature wallets, and other internationally recognized protocols, while requiring public disclosure of holdings through online platforms for transparency ^[1].

If enacted, Brazil would join a growing movement of nations exploring Bitcoin reserves. El Salvador currently leads with over 7,560 BTC accumulated under President Bukele's initiative. The United States has proposed federal legislation through the BITCOIN Act of 2025, while several American states have advanced similar measures. European nations including the Czech Republic and Switzerland, along with Asian countries like Hong Kong and Pakistan, are also developing frameworks for national Bitcoin holdings ^[1].