365Crypto
The Philippines is considering a bold move—building a 10,000 Bitcoin reserve worth over $1 billion. A new bill in Congress would make the central bank buy 2,000 BTC each year for five years.
Called the Strategic Bitcoin Reserve Act, the bill locks the coins for at least 20 years. They could only be used for major debt payments. Lawmakers say this is about protecting national assets and boosting long-term stability.
Bitcoin is described as “digital gold.” It has grown around 40% annually in the last five years. Supporters believe the Philippines must not miss the wave as crypto becomes a global reserve play.
The proposal includes a “Bitcoin Purchase Program.” It forces the central bank to publish quarterly reports proving it holds the coins, including details on wallets, transfers, and private key control.
If passed, the plan would make the Philippines one of the biggest Bitcoin holders. It would surpass El Salvador’s 6,200 BTC and nearly match Bhutan’s 10,565 BTC stash.
