Brazil Reintroduces Bill to Create Massive Strategic Bitcoin Reserve

BRASÍLIA - The Congress of Brazil has taken a daring step in updating its finance sector by reintroducing an important bill. This bill, if passed, will give the government an opportunity to set up a Strategic Bitcoin Reserve through which it can be able to buy about one million BTC for some years to come. The proposal, which has gained renewed momentum in 2026, signals Brazil’s ambition to become a global leader in digital asset adoption and financial independence.

The bill, known as the “National Digital Reserve Act,” had been tabled towards the end of 2024 but failed to progress due to political reasons. With the current global interest in Bitcoin as a hedge against inflation and potential reserve asset, lawmakers are giving it another try.

Creating Brazil’s Strategic Bitcoin Reserve

In case it goes through, the policy will allow the Central Bank of Brazil to buy Bitcoin (BTC) slowly using excess foreign exchange reserves and fresh digital bonds that may be issued. By doing this, the government intends to move away from having only traditional assets like gold and the US dollar in its national reserves and instead include some bitcoins, which would be considered as a long-term strategic investment.

According to the proposed plan, Brazil may accumulate up to 1 million BTC approximately 5% of all Bitcoins that will ever exist, within a decade. It also provides for the establishment of a National Bitcoin Treasury Division that will be responsible for safekeeping, auditing, and managing the reserve using multi-signature cold storage systems.

As stated by Deputy Fernando Marroni, who is among those who came up with the bill, “Bitcoin is not only a store of value but also a strategic tool towards economic sovereignty of Brazil. Through this initiative, we make sure that our country not only watches but takes part in shaping the future global finances.”

Promotion of Economic Independence and Innovation

Those in favour of this law claim that creating a Bitcoin reserve could insulate Brazil from currency risks and lessen its dependence on Americanized global monetary systems. They also see Bitcoin as capable of fortifying the country’s fintech industry and luring investment for its digital market from abroad.

Economists point out that Brazil’s interest in having a Bitcoin reserve is similar to what is happening globally where countries are considering cryptocurrencies as part of their macroeconomic strategies for monetary diversification.

Doubts and Risk Control

Nevertheless, critics argue that such a move might put public funds at high risk due to extreme volatility. Some opposers from within the central bank have cautioned against it citing price changes of Bitcoin and lack of clear regulations in international markets. Nonetheless, there are provisions in the bill for slow accumulation and purchase models that take into account risks thereby minimizing exposure to short-term market volatilities.