Brazilian lawmakers also introduced a bill to create a national Strategic Sovereign Bitcoin Reserve, known as RESBit, which proposes the gradual acquisition of one million bitcoins over five years.
This bill, presented by Deputy Prime Minister Luiz Gastão (PSD/CE), presents a comprehensive framework to integrate Bitcoin into the country’s financial system and diversify national reserves.
The proposed rule establishes several guidelines for RESBit. First, this program requires the gradual accumulation of 1,000,000 BTC within five years. It prevents the sale of bitcoins seized by Brazilian law enforcement authorities, ensuring that these assets remain under public control.
This bill also allows the collection of Brazilian state taxes on Bitcoin and provides incentives for public companies to participate in Bitcoin mining and storage.
Transcendence is an important aspect of the proposal. The bill authorizes public disclosure of RESBit bitcoin funds through Internet-based platforms, enabling public scrutiny.
It emphasizes the secure storage of digital assets using technologies such as cold wallets, multi-currency wallets, and other globally recognized methods.
In addition, the law allows for the temporary holding of bitcoin-backed ETFs in a designated portfolio, subject to emergency and limited conditions.
If approved, Brazil could join a small group of countries actively holding Bitcoin at the national level, potentially surpassing major holders such as the United States and China.
Some countries like Brazil are exploring Bitcoin reserves
Most famously, El Salvador holds the title as the ‘first country in the world’ with a strategic Bitcoin repository, reporting more than 7,560 Bitcoin under President Nayib Bukele’s plan.
Despite reducing the mandatory acceptance of Bitcoin under IMF agreements, the government has maintained regular purchases, citing long-term financial sovereignty and maintaining diversification. The National Bitcoin Office now separates holding multiple addresses to increase security and transparency.
The Central American nation’s approach has inspired policymakers around the world. In the United States, the BITCOIN Act of 2025 proposed a specific federal strategic Bitcoin reserve, while several states, including New Hampshire and Arizona, have passed or proposed laws that allow parts of the public funds to be invested in digital assets.
President Trump’s March 2025 executive order also directed federal agencies to examine the collection of Bitcoin in seized assets without new costs to taxpayers.
In Europe, the Czech National Bank has a similar stake in bitcoin, while Switzerland is seeing a citizen-led initiative proposing a constitutional mandate for Bitcoin holdings.
Hong Kong, Ukraine, and Pakistan are also testing Bitcoin holding structures at the national level, with Pakistan promising not to sell its future reserves.
