Philippines Ready to Make History by Keeping 10,000 BTC as National Reserve!

Jakarta, Pintu News – The Philippines may become the first country in Asia to have a national Bitcoin (BTC) reserve. This plan was proposed through a bill submitted by members of the Philippine House of Representatives. If approved, the reserve would be managed by the Bangko Sentral ng Pilipinas (BSP) and locked up for 20 years to repay government debt.

Check out the full information below!

Plan to Establish a National Bitcoin Reserve

The bill filed by House ICT Committee Chairman and Camarines Sur Representative Migz Villafuerte proposes the establishment of a national reserve of 10,000 Bitcoin (BTC).

The plan involves purchasing 2,000 Bitcoins (BTC) every year for five years. The purchased Bitcoin (BTC) will be stored in cold storage spread across the Philippines.

These reserves will be locked up for a minimum of 20 years to protect the country’s wealth. Villafuerte emphasized the importance of diversifying the country’s assets, which have been dominated by gold and the US dollar.

By having a Bitcoin (BTC) reserve, the Philippines hopes to reduce reliance on traditional assets and capitalize on the significant growth in value of Bitcoin (BTC).

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Strict Terms of Use for Bitcoin

The draft law sets strict rules regarding the management of Bitcoin (BTC) reserves. The reserves can only be used to repay government debt.

One year before the 20-year period ends, the BSP Governor must advise Congress whether the reserves should be retained or partially released. After the lock-in period, no more than 10% of the reserves can be sold every two years.

The move aims to ensure that Bitcoin (BTC) reserves remain stable and do not experience a drastic drop in value, which could impact the country’s finances.

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Bitcoin Adoption Increases Globally

The draft law also highlights how countries such as El Salvador, Switzerland, and Brazil have started adopting Bitcoin (BTC). Other countries in Asia such as Malaysia, Thailand, and Hong Kong have also considered having a Bitcoin (BTC) reserve.

Russia has even used digital assets in international trade. If approved, the Philippines will be the first country in Asia to have an official government-run Bitcoin (BTC) reserve. This will put the Philippines on the global map as one of the progressive countries in digital currency adoption.

Conclusion

This initiative represents a major step for the Philippines in adopting new financial technologies and diversifying the country’s assets. With a national Bitcoin (BTC) reserve, the Philippines is not only enhancing economic security but also positioning itself as a leader in financial innovation in Asia.

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Reference

• Coinpedia. Philippines May Become First in Asia to Hold 10,000 BTC National Bitcoin Reserve. Accessed on August 25, 2025
• Featured Image: Generated by Ai