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.

Documents on the official website of the Brazilian Chamber of Deputies show that the Chamber's Economic Development Committee has 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 Bill PL 4501/2024 in November 2024, proposed by Representative Eros Biondini, aiming to establish a strategic Bitcoin reserve (RESBit). This would involve the gradual acquisition of 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% (equivalent to approximately $17.5 billion based on the then-current reserves of approximately $350 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 Chamber's Economic Development Committee (CDE), where the potential size of the reserve (approximately $18.6 billion) and implementation details were discussed. However, the Central Bank of Brazil objected, arguing that Bitcoin would increase the risk to its reserve portfolio. The latest version was submitted by the Economic Development Committee on February 9, 2026.