Philippines Bill Could Require BSP to Acquire 10,000 Bitcoin Over Five Years for National Security Reserve
The post Philippines Bill Could Require BSP to Acquire 10,000 Bitcoin Over Five Years for National Security Reserve appeared on BitcoinEthereumNews.com.
The Philippine Strategic Bitcoin Reserve Act (House Bill 421) would create a 10,000 BTC national reserve by directing the Bangko Sentral ng Pilipinas to acquire 2,000 BTC annually over five years, positioning Bitcoin as a national security reserve and reporting quarterly proof-of-reserves. 10,000 BTC reserve proposed Bangko Sentral ng Pilipinas (BSP) directed to acquire Bitcoin over five years Planned cold storage and quarterly proof-of-reserves; estimated cost ~$1.1 billion Philippine Bitcoin reserve proposal: 10,000 BTC via BSP purchases over five years — read the bill summary and implications for national security. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); The Philippine Strategic Bitcoin Reserve Act is proposed legislation that directs the Bangko Sentral ng Pilipinas (BSP) to establish a national Bitcoin reserve by acquiring 10,000 BTC within five years. The bill frames Bitcoin as a strategic reserve asset and mandates cold storage plus quarterly proof-of-reserves reporting. The bill requires the BSP to purchase 2,000 BTC annually over five years, funding acquisitions from designated government appropriations. Custody responsibilities include secure cold storage and quarterly proof-of-reserves audits overseen by the Monetary Board. This approach aims to minimize market disruption and ensure transparency. Quote: “The Strategic Bitcoin Reserve Act recognizes Bitcoin as an essential reserve asset for the digital age.” — Miguel Luis “Migz” Villafuerte, Representative, Philippine Congress Front-loading national security rationale, the bill characterizes Bitcoin as “digital gold” that can diversify reserve…
Filed under: News - @ August 24, 2025 1:26 pm