Philippine Congressman Miguel Luis Villafuerte introduced House Bill 421 proposing the country purchase 2,000 Bitcoin annually for five years, totalling 10,000 BTC held for at least 20 years. The legislation includes strict provisions preventing sales except for government debt repayment, with post-holding period sales capped at maximum 10% of assetsContinue Reading
Bo Hines has resigned as the Executive Director of the White House Crypto Council to return to the private sector. During his tenure, he proposed a “budget-neutral” strategy to acquire Bitcoin for a national reserve by revaluing government gold holdings and selling a portion of them. Patrick Witt, who hasContinue Reading
Brazil’s Chamber of Deputies will hold a hearing on 20 August to deliberate on creating a national Bitcoin reserve through bill 4501/2024. A 2024 proposal suggested allocating 5% of Brazil’s US$330 billion reserves to Bitcoin, which would equate to approximately US$16.5 billion in BTC. Brazil leads South American crypto adoptionContinue Reading
The US government has filed a civil complaint to seize 20.2 BTC (worth US$2.4M) from the ransomware group Chaos. If approved, these funds could be added to the proposed US Strategic Bitcoin Reserve. Estimates of the US government’s total Bitcoin holdings vary wildly. While some trackers show around 198,000 BTC,Continue Reading
