On August 19, 2025, Brazil announced a groundbreaking public hearing scheduled for tomorrow, August 20, to discuss Bill 4.501/2024, proposing a Strategic Bitcoin Reserve. This historic first, to be held in the Chamber of Deputies in Brasília at 4:00 p.m., aims to allocate up to 5% of Brazil’s $341 billion foreign reserves—roughly $17 billion—to Bitcoin, potentially making Brazil the world’s largest sovereign Bitcoin holder.
Introduced by Deputy Eros Biondini in November 2024, the bill, backed by Deputy Luiz Philippe de Orleans e Bragança, seeks to diversify national assets and hedge against inflation and geopolitical risks. The reserve, dubbed RESBit, would be managed by the Central Bank and Ministry of Finance, using secure cold wallet storage. Key attendees include Diego Kolling of Méliuz and Rubens Sardenberg of FEBRABAN, with invitations extended to Central Bank and Ministry officials.
This move aligns Brazil with global trends, following El Salvador’s Bitcoin adoption and U.S. discussions on crypto reserves. If passed, the bill could boost Bitcoin’s price and accelerate blockchain adoption in Brazil’s economy, including backing its digital currency, Drex.
As the world watches, Brazil’s hearing could set a precedent for emerging economies, signaling a seismic shift toward cryptocurrency in global finance.