Philippines Proposes 10,000 BTC Strategic Bitcoin Reserve With 20-Year Lockup
Philippine Rep. Miguel Luis Villafuerte has introduced House Bill 421 to create a national Bitcoin reserve. The Bangko Sentral ng Pilipinas would purchase 2,000 BTC annually over five years to accumulate a 10,000 BTC reserve. The Bitcoin reserve holdings would be stored in geographically distributed cold wallets and locked for at least 20 years. After the lockup, up to 10% of the reserve may be sold every two years to service national debt. The bill also mandates quarterly public cryptographic attestations and independent audits to ensure security and transparency. If approved, the Philippines would join El Salvador and Bhutan in treating Bitcoin as a strategic asset. Sovereign entities currently hold about 517,296 BTC (2.46% of supply), mainly from U.S. and China seizures.
Bullish
A central bank buying 10,000 BTC over five years supports sustained demand and reduces available supply. The 20-year lockup and audit requirements enhance long-term stability and institutional confidence. This move legitimizes Bitcoin as a strategic asset, likely attracting further adoption and positive trader sentiment, driving price upside in both short-term accumulation phases and long-term institutional positioning.