1M BTC Plan? Brazil Reintroduces Strategic Bitcoin Bill

Brazil reintroduces Bill 4501/2024 to buy up to 1M BTC over 5 years, with a projected $68B allocation and Bitcoin as Drex collateral.

Brazil has revived a proposal that could reshape its reserve strategy and digital asset policy.

Lawmakers have reintroduced Bill 4501/2024 to authorize the creation of a Strategic Sovereign Bitcoin Reserve known as RESBit.

The measure proposes that Brazil acquire up to 1 million Bitcoin over a five-year period, positioning the country among the largest potential state holders of BTC if approved.

Bill 4501/2024 Sets Framework for 1M BTC Reserve

The reintroduced bill establishes a structured plan for accumulating up to 1 million BTC within five years. The purchases would be gradual and subject to regulatory oversight.

The reserve would operate under the name RESBit and would form part of Brazil’s national treasury structure.

Deputy Luiz Gastão introduced the “Strategic Sovereign Bitcoin Reserve” bill (PL 4501/2024) to Brazil’s Economic Development Committee on Feb 9.

The plan: accumulate 1M BTC over 5 years through gradual government purchases. pic.twitter.com/YmzVS7IWJ6

— TFTC (@TFTC21) February 13, 2026

Management responsibilities would be divided between Brazil’s central bank and the Ministry of Finance. The proposal also requires transparency measures, including periodic disclosures to Congress.

These reports would outline custody practices, transactions, and overall reserve status.

Earlier drafts allowed up to 5% of Brazil’s foreign reserves to be allocated to Bitcoin. The updated version expands the scope and defines operational guidelines.

Lawmakers state that the objective is to diversify national reserve assets through digital holdings.

$69B Allocation and Regulatory Adjustments

Federal Deputy Luiz Gastão stated that acquiring 1 million BTC could require at least $69 billion. The estimate is based on current market prices and projected acquisition planning.

The bill must pass the Finance and Taxation Committee, the Constitution and Justice Committee, and the Science and Technology Committee before moving forward.

Brazil just reintroduced a bill to acquire 1 MILLION bitcoin as a national strategic reserve.

Not 1,000. Not 10,000. One million BTC. ~$69 billion at today’s prices.

The nation-state Bitcoin race is accelerating. 🧵 pic.twitter.com/kzjJRPYT4B

— TFTC (@TFTC21) February 13, 2026

The proposal includes legal protections related to digital asset ownership. It affirms the right to self-custody and free transfer of digital assets.

Confidentiality would apply unless a specific court order authorizes disclosure.

The text also prevents the sale of Bitcoin seized by judicial authorities. It allows taxes to be paid in Bitcoin and supports mining operations within Brazil.

Public entities may temporarily hold BTC-backed exchange-traded products during emergencies.

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Bitcoin as Collateral for Drex Digital Currency

Bill 4501/2024 also proposes that Bitcoin serve as collateral for Drex, Brazil’s central bank digital currency. The measure would integrate BTC into Brazil’s monetary framework.

Lawmakers describe this approach as combining reserve management with digital innovation.

Congressman Eros Biondini authored the proposal and has supported crypto policy initiatives in Congress. He has referenced Bitcoin’s fixed supply and network security in legislative discussions.

The bill frames Bitcoin as complementary to traditional reserve assets.

The central bank would be required to publish semi-annual reports to the National Congress.

These updates would detail custody arrangements and reserve performance. The Internal Revenue Service would have 12 months after enactment to implement necessary technological systems for compliance and oversight.