The Philippine House of Representatives introduced a new bill titled ‘Philippine Strategic Bitcoin Reserve Act’ proposing to integrate cryptocurrency into the country’s financial landscape. Congressman Migz Villafuerte submitted this bill on August 20, 2025. This initiative aims to create a Bitcoin reserve to bolster economic stability and safeguard national security. The act mandates the Bangko Sentral ng Pilipinas (BSP) to purchase 2,000 Bitcoins annually for five years, with a target of accumulating 10,000 Bitcoins in total. The bill states that these Bitcoins will be held for at least 20 years, with strict restrictions against selling or transferring them. This approach aims to protect the country from economic fluctuations and manage its debts. The BSP will handle Bitcoin acquisition and storage while a national committee will monitor activities to ensure transparency and accountability. The bill views Bitcoin as a potential hedge against inflation and an instrument for enhancing fiscal resilience, drawing parallels with traditional reserves like gold.