Brazil's House of Representatives Economic Development Committee Submits Alternative Strategic Bitcoin Reserve Plan, Aims to Acquire at Least 1 Million BTC Within 5 Years

Odaily News According to a document published on the official website of Brazil's Chamber of Deputies, the Economic Development Committee of the Chamber has submitted an alternative strategic Bitcoin reserve plan. The proposal aims to acquire at least 1 million BTC within five years, prohibits the sale of Bitcoin seized by judicial authorities, allows for tax payments using Bitcoin, provides income tax exemptions for capital gains on digital assets, and emphasizes user self-custody and freedom of transfer.

It is reported that the Brazilian Congress first introduced Bill PL 4501/2024 in November 2024, proposed by Congressman Eros Biondini. The bill aimed to establish a Strategic Bitcoin Reserve (RESBit), gradually acquiring Bitcoin to incorporate it as part of the national reserve assets, serving as a hedge against exchange rate fluctuations and geopolitical risks. The initial bill suggested limiting Bitcoin holdings to within 5% of Brazil's international reserves (based on the then approximately $350 billion in reserves, equivalent to about $17.5 billion). It proposed joint management by the Central Bank and the Ministry of Finance and required regular risk assessments.

In 2025, the bill made some progress, including the first public hearing held by the Economic Development Committee (CDE) of the Chamber of Deputies on August 20. The hearing discussed the potential scale of the reserve (approximately $18.6 billion) and implementation details. However, the Central Bank of Brazil expressed opposition, arguing that Bitcoin would increase the risk of the reserve portfolio.

The Economic Development Committee submitted the latest version on February 9, 2026.