Philippines wants to accumulate 10 000 BTC in a strategic reserve

The bill states that the reserve should not be sold or exchanged for any purpose other than to pay off public debt

Philippines proposes creating a strategic reserve of 10 000 BTC

25.08.2025 - 10:15

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2 min

Key points:

Philippine Congressman Miguel Luis Villafuerte has proposed that the country’s central bank purchase 2000 BTC annually for five years with a 20-year lock-up period.
The bill also stipulates that the reserve should not be sold or exchanged for any purpose other than to pay off the national debt.

Philippine Congressman Miguel Luis Villafuerte has proposed a bill to create a strategic reserve of bitcoins, according to which the government will have to accumulate a total of 10 000 BTC. Bill 421, introduced by Villafuerte, recommends that the central bank of the Philippines purchase 2000 bitcoins annually for five years and store the assets in cold storage for at least 20 years. The legislator noted:

“The increasing significance of BTC in ensuring financial and economic prowess across continents makes it imperative for the country to take significant legislative measures.”

What does the legislation say?

The bill stipulates that during the storage period, the bitcoin reserve must not be sold or exchanged for any purpose other than the repayment of public debt. After the end of the storage period, the bill stipulates that the head of the central bank cannot sell more than 10% of the assets during any two years.

If the bill is passed, the Philippines will join the list of countries that consider bitcoin a strategic national asset, along with El Salvador and Bhutan. The United States and China are among the largest sovereign holders of bitcoin, and their reserves consist mainly of confiscated assets.

According to Bitbo, governments around the world own a total of 517 296 BTC, which is about 2,46% of the total number of bitcoins, which is 21 million.

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