Philippine lawmakers have introduced a proposal to establish a national strategic Bitcoin reserve, aiming to purchase 2,000 Bitcoins annually over five years. The initiative, outlined in HB 421 by Congressman Miguel Luis R. Villafuerte, involves the Bangko Sentral ng Pilipinas (BSP) acquiring a total of 10,000 Bitcoins. These assets will be held for 20 years to bolster national security and stabilize the country's debt structure. The bill seeks to diversify the Philippines' asset allocation and enhance financial stability by integrating cryptocurrencies into the national reserve. This move reflects the increasing significance of digital currencies in the global financial landscape.