Bitcoin News: Brazil Joins List Of Countries On Track To Roll Out Sovereign Bitcoin Reserves
The post Bitcoin News: Brazil Joins List Of Countries On Track To Roll Out Sovereign Bitcoin Reserves appeared on BitcoinEthereumNews.com.
Key Insights Brazil lawmakers propose the creation of a sovereign Bitcoin reserve. If approved, Brazil will buy over 1 million to build its reserve in 5 years. Coinbase CEO Brian Armstrong says the US could inject $1 trillion to build up a Bitcoin reserve. Here’s how much Bitcoin exchange reserves have grown in the last 4 weeks. Brazil is in the Bitcoin headlines for bringing its Bitcoin reserves back into the spotlight after they were overshadowed by bearish price action and unfavorable macro conditions. Here’s what you need to know. Bitcoin reserves have been fading from Bitcoin news lately, even though there have been a few mentions here and there. This was not surprising given that the US has not been actively buying BTC despite previously indicating plans to do so. One would think the US would be taking advantage of the currently discounted prices. However, the latest Bitcoin news on reserves comes from Brazil. Lawmakers in the South American country have reportedly forwarded a proposal that aims to create a sovereign Bitcoin reserve. Brazil lawmakers propose sovereign Bitcoin reserve/ source: X Courtesy of CryptosRus Brazil may be in the Bitcoin news headlines for aggressive accumulation if passed Brazilian lawmakers aim to allocate at least 1 million BTC to the sovereign Bitcoin reserves, according to the proposal. The country would need to invest at least $69.4 billion at press time. However, the proposal suggests that the Bitcoin reserve would be built over a period of 5 years from the approval date. This means the overall investment might be higher, especially if the Bitcoin price achieves more recovery in the next 5 years. The proposal suggests deploying a strategy similar to that of companies such as MicroStrategy and Metaplanet. Buying Bitcoin regularly, perhaps on a monthly basis. The bill was forwarded…
Filed under: News - @ February 15, 2026 11:46 pm