Brazil's Chamber of Deputies Economic Development Committee has submitted a strategic Bitcoin reserve alternative plan, proposing to purchase at least 1 million Bitcoins over five years.

According to ME News, on February 13th (UTC+8), documents on the official website of the Brazilian Chamber of Deputies showed that the Economic Development Committee submitted a proposal for an alternative to a strategic Bitcoin reserve. The plan includes purchasing at least 1 million Bitcoins within five years and prohibiting the sale of Bitcoins seized by judicial authorities. The bill also allows for the use of Bitcoin for tax purposes and provides income tax exemptions for capital gains from digital assets, while emphasizing user self-custody and freedom of transfer. It is understood that the Brazilian Congress first introduced PL 4501/2024 in November 2024, proposed by Congressman Eros Biondini, aiming to establish a strategic Bitcoin reserve (RESBit). This would involve gradually acquiring Bitcoin as part of the national reserve assets to hedge against exchange rate fluctuations and geopolitical risks. The bill initially proposed limiting the proportion of Bitcoin in Brazil's international reserves to no more than 5% (based on approximately $350 billion in reserves at the time, equivalent to about $17.5 billion), jointly managed by the central bank and the Ministry of Finance, and requiring regular risk assessments. In 2025, the bill made some progress, including its first public hearing on August 20th at the House Committee on Economic Development (CDE), where the potential size of the reserves (approximately $18.6 billion) and implementation details were discussed. However, the Central Bank of Brazil objected, arguing that Bitcoin would increase the risk to the reserve portfolio. A revised version was submitted by the CDE on February 9th, 2026. (Source: ME)