Catenaa, Thursday, August 07, 2025- Brazil is preparing to evaluate adding Bitcoin to its foreign exchange reserves, a landmark step that could reshape its financial strategy and influence global cryptocurrency markets.
The Federal Chamber of Deputies has scheduled a public hearing for August 20 to consider a proposal allowing the Central Bank to gradually acquire Bitcoin, potentially holding up to 5% of the country’s reserves in the digital asset.
Under the draft plan, all Bitcoin purchased would be stored in cold storage, and transactions would be publicly reported to ensure transparency.
The proposal does not specify when or under what conditions Brazil might sell its Bitcoin holdings, leaving those decisions for future legislation.
If adopted, Brazil would join a small but growing list of nations incorporating cryptocurrencies into sovereign reserve strategies.
El Salvador pioneered the approach in 2021, while the United States has selectively integrated seized Bitcoin into its treasury framework without direct purchases.
Analysts say Brazil’s size and economic weight could amplify Bitcoin’s legitimacy as a strategic asset.
A move by Latin America’s largest economy may also prompt capital flow shifts, encouraging other emerging markets to explore similar reserve diversification strategies.
The August hearing is expected to be closely watched by global investors and regulators, as Brazil’s approach could signal a new phase in government-led Bitcoin adoption.
