Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Philippines proposes 10,000 BTC strategic reserve with 20-year lockup

Philippines proposes 10,000 BTC strategic reserve with 20-year lockup

The BlockThe Block2025/08/23 16:00
By:By Danny Park

Quick Take Philippines Congressman Miguel Luis Villafuerte proposed that the country’s central bank buys 2,000 BTC annually for five years, with a 20-year lockup period. The bill also stipulates that the reserve must not be sold or traded for any purposes except to retire government debt.

Philippines proposes 10,000 BTC strategic reserve with 20-year lockup image 0

A Philippines lawmaker has proposed a new bill to establish a strategic bitcoin reserve, which would accumulate a total of 10,000 BTC.

House Bill 421 , introduced by Congressman Miguel Luis Villafuerte, proposes that the country's central bank — Bangko Sentral ng Pilipinas — buy 2,000 bitcoin annually for five years and hold the assets in a cold storage for a minimum of 20 years.

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

The bill stipulates that during the holding period, the bitcoin reserve must not be sold or swapped for any purposes other than paying off outstanding government debt. Once the holding period ends, the bill mandates that the central bank governor may not sell more than 10% of the assets over any two-year period.

If enacted, the bill would add the Philippines to a list of countries that have embraced bitcoin as a strategic national asset, including El Salvador and Bhutan . The United States and China are among the largest sovereign holders of bitcoin, with their reserves primarily consisting of confiscated assets.

According to Bitbo data , governments around the world hold a total of 517,296 BTC, representing around 2.46% of bitcoin's total 21 million supply.


1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!