Catenaa, Tuesday, August 26, 2025-Philippine lawmakers are considering a bill that would create a strategic reserve of 10,000 Bitcoin, positioning the country as one of Southeast Asia’s first to adopt Bitcoin as a long-term state asset.
The “Strategic Bitcoin Reserve Act,” filed in June by Representative Migz Villafuerte, proposes that the central bank, Bangko Sentral ng Pilipinas, purchase 2,000 Bitcoin annually over five years.
At current prices, the total reserve would be worth roughly $1.1 billion. The legislation mandates that the assets be held in trust for at least 20 years, only allowing disposal for government debt retirement.
Villafuerte described Bitcoin as digital gold, citing its five-year annual growth rate of 40% and record-high valuations.
The bill also calls for a proof-of-reserves system, requiring quarterly public reports detailing holdings, transactions, and private key management.
Proponents argue that the reserve would enhance financial stability, diversify national assets, and align the Philippines with other nations, including El Salvador and Bhutan, already exploring Bitcoin reserve strategies.
If passed, the Philippines could surpass El Salvador’s 6,276 BTC holdings and approach Bhutan’s 10,565 BTC.
