Brazil’s Strategic Bitcoin Reserve Bill Passes First Committee Review

Brazil’s Strategic Bitcoin Reserve Bill Passes First Committee Review

Brazil’s Strategic Bitcoin Reserve Bill (PL 4501/2023) passed its first committee review in the Economic Development Committee of the Chamber of Deputies on June 12, 2025. Introduced by Deputy Eros Biondini, the bill proposes creating a “Sovereign Strategic Bitcoin Reserve” (RESBiT), allowing up to 5% of Brazil’s foreign exchange reserves—approximately $18.5 billion—to be allocated to […] The post Brazil’s Strategic Bitcoin Reserve Bill Passes F…

Brazil Eyes $17B Bitcoin Reserve — On Track to Become 3rd Largest Nation Holder - Bitcoinsensus

Brazil is moving forward with a Bitcoin strategic reserve. This month, Bill 4501 received favorable approval at the Economic Development Committee of the Chamber of Deputies. Rapporteur Luis Gastão defended the idea of a Bitcoin reserve as a way to protect funds from financial instability. In his official statement, Gastão explicitly cited initiatives from El Salvador, Bhutan, and the U.S. as inspiration for the bill.  Before moving to the Senat…

Brazil Advances BTC Reserve Bill, Passes In First Committee

On June 17, the Brazilian government moved its Bitcoin Reserve bill to an advanced stage as it received approval from the first committee.