Brazil Revives Strategic Bitcoin Bill, Aims to Buy 1 Million BTC Over Five Years

Highlights:

• Brazil has revived a strategic Bitcoin reserve bill with plans to acquire 1 million BTC.
• The bill includes provisions for using Bitcoin as a tax payment and incentivizing mining companies.
• The bill could protect Brazil’s economy against inflation by adding Bitcoin as a reserve asset.

Brazil has revived a major bill that might transform its financial policy. The proposed bill aims to create a Strategic Bitcoin Reserve (RESbit), aiming to buy up to 1 million BTC over five years. This bold step would make Brazil one of the top countries holding Bitcoin in its reserves.

The Strategic Bitcoin Reserve Proposal

The new bill, reintroduced in the Brazilian Congress, builds on the previous one and raises the target of Bitcoin acquisitions in the country. The bill initially suggested that Brazil would spend up to 5% of its foreign reserves on Bitcoin, capping the total to about 170,000 BTC. The government is currently looking to purchase 1 million BTC, and that would cost an estimated 68 billion in five years.

The bill intends to prevent Brazil from inflation and fluctuation of traditional fiat currencies. Bitcoin is considered by lawmakers to be digital gold. This is because it can be used as a hedge in the face of economic uncertainties.

JUS T IN: Brazil’s Congress reintroduces bill to create a Strategic Bitcoin Reserve, allowing the country to acquire up to 1 million 🚀 pic.twitter.com/jjsaSwy1jZ

— Bitcoin Magazine (@BitcoinMagazine) February 13, 2026

The bill also involves the regulation of the use of Bitcoin in Brazil. These involve prohibiting the sale of Bitcoin confiscated by judicial authorities and allowing the payment of federal taxes using Bitcoin. The purpose of such provisions is to establish a more inclusive regulatory framework for digital assets. 

Moreover, the bill promotes local Bitcoin mining and provides incentives to companies holding and mining Bitcoin. Such initiatives will foster the development of the Brazilian cryptocurrency ecosystem and make Bitcoin a more acceptable asset in the nation.

A Gradual Shift Toward Bitcoin as a Reserve Asset

Brazil’s revival its strategic Bitcoin reserve is a clear signal of an increase in the sovereign interest in digital assets. This plan may reduce the global supply of Bitcoin by acquiring a large portion, should it be enacted. Purchasing 1 million BTC would consequently have a significant change in the market.

This proposal can also change the perception of countries regarding Bitcoin. Bitcoin, similar to gold, might become an accepted reserve asset in the future. The demand for Bitcoin reserves in Brazil may also motivate other developing economies to take similar measures. This would consequently reduce the reliance on traditional reserve assets such as gold or foreign currency.

Digital asset reserves are also being considered by other nations around the world. Kansas proposed a law to establish a state Bitcoin and Digital Assets Reserve Fund. This would involve the holding and managing of digital currencies or Bitcoin under state custody. Arizona also reintroduced its own bill on a Bitcoin reserve, with plans to establish a state-controlled Bitcoin fund. The fund would enable the state to control confiscated assets such as cryptocurrencies.

BREAKING: Kansas Senator Craig Bowser introduces bill to create a Strategic Bitcoin Reserve 🇺🇸 pic.twitter.com/WeQjtrc3Vi

— Bitcoin Magazine (@BitcoinMagazine) January 22, 2026

Meanwhile, crypto adoption continues to gain traction worldwide. The Indiana Senate today approved House Bill 1042 to allow public employees to invest in retirement funds using cryptocurrencies.