Brazil’s Congress is considering a bill to create a Strategic Sovereign Bitcoin Reserve, aiming to acquire up to 1 million BTC over five years at an estimated cost of $68 billion. The proposed legislation would allow Bitcoin payments for federal taxes, offer mining incentives, and prohibit the sale of judicially seized BTC. The plan faces regulatory hurdles as the nation’s Central Bank currently does not recognize Bitcoin as a reserve currency.
A bill introduced in Brazil’s Congress on February 13, 2026, proposes creating a Strategic Sovereign Bitcoin Reserve. The plan aims to accumulate up to 1 million BTC within five years to diversify the National Treasury.
The legislation expands an earlier draft by establishing Bitcoin as a strategic national asset. It seeks protection from inflation and confiscation risks while encouraging corporate mining.
Deputy Luis Gastao emphasized the proposal’s comprehensive nature. “The proposal… promised the creation of a sovereign reserve but also the firm protection of the fundamental rights associated with digital asset custody,” he stated.
The estimated $68 billion acquisition would surpass the Bitcoin holdings of the United States and China. Achieving this goal would make Brazil a global leader in national Bitcoin reserves.
However, significant regulatory challenges exist. Brazil’s Central Bank does not currently consider Bitcoin a reserve currency. Full implementation would require changes to existing legislation and consideration of Bitcoin’s macroeconomic volatility.
The bill also fortifies the legal framework for digital assets. It proposes making it illegal to sell BTC seized by judicial authorities. Congressional approval would mark a historic step toward integrating cryptocurrency into Brazil’s economic framework.
