Brazil Joins the Large-Scale Bitcoin Accumulation Race, ‘National BTC Accumulation’ Shock Looms

▲ Brazil, Bitcoin (BTC)

Brazil is shaking up the global cryptocurrency market by pushing an unprecedented bill to purchase 1 million BTC over the next five years and designate it as a national strategic reserve asset.

According to a cryptocurrency-focused report on February 15 (local time), Brazil’s National Congress is reviewing legislation to establish RESBIT, a strategic Bitcoin (BTC) reserve aimed at restructuring the country’s financial environment. Senior cryptocurrency market analyst Frank Beva stated that the Brazilian government plans to secure 1 million BTC over the next five years, with the required budget estimated at approximately $68 billion.

If the bill is passed, Brazil would surpass the United States and China to become one of the largest Bitcoin holders in the world. The government plans to conduct purchases gradually to minimize market impact. The proposed legislation also includes groundbreaking measures allowing federal taxes and fines to be paid in Bitcoin, exempting taxes on cryptocurrency sales profits, and allocating confiscated Bitcoin to national reserves instead of selling it.

The proposal is currently under review by the Economic Development, Finance, and Justice committees within Brazil’s Congress. Experts believe that Brazil’s move could strengthen Bitcoin’s status as a global asset and serve as a key driver of long-term price appreciation. In particular, establishing a national strategic reserve could symbolically recognize Bitcoin not merely as an investment vehicle but as a form of global currency.

The cryptocurrency market is already gaining momentum in response to expanding institutional adoption. As of the 13th, U.S. spot Bitcoin ETFs recorded total inflows of $15.2 million, with Fidelity’s FBTC posting net inflows of $11.99 million. Spot Ethereum (ETH) ETFs also saw $10.26 million in inflows, while Grayscale’s Ethereum Mini Trust attracted $14.51 million, underscoring strong institutional investor interest.

Bitcoin recently reclaimed the $70,000 level, supported by signs of easing U.S. inflation and a renewed appetite for risk assets. Key technical indicators, including the Relative Strength Index (RSI) and Chaikin Money Flow (CMF), suggest the possibility of further gains, and the realization of Brazil’s reserve initiative is expected to be a decisive factor in shaping the market’s future direction.

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