🧵 Legal thread of the week: Brazil's Congress reintroduced Bill 4501/2024 to create the Strategic Sovereign Bitcoin Reserve (RESBit), targeting at least 1 million BTC accumulation over 5 years! 👇
1/ It was first introduced back in late 2024, but a much stronger version was reintroduced on February 13, 2026, by Federal Deputy Luiz Gastão (PSD/CE), who serves as the rapporteur. This new draft expands the original idea significantly. The main goal is to create RESBit, the Strategic Sovereign #Bitcoin Reserve, and use it to gradually buy at least 1 million bitcoins as official reserve assets of the #Brazilian government.👇
2/ At current prices around $68,000 per BTC (as of mid-February 2026), reaching 1 million $BTC would cost roughly $68 billion if done all at once. But the plan calls for planned, gradual purchases over five years, which means dollar-cost averaging into the market without causing wild spikes. The reserve would be managed by Brazil's central bank as part of the national treasury, treating Bitcoin like a strategic asset similar to gold but with fixed supply and better properties for the digital age. 👇
3/ This bill goes way beyond just buying. Key provisions include:
🔸 A complete ban on selling any Bitcoin seized by courts, all forfeited BTC must go straight into the reserve (no more dumping it on the market).
🔸 Acceptance of Bitcoin for paying federal taxes, creating real adoption pressure.
🔸 Incentives for companies that mine Bitcoin and hold it long-term, which could boost domestic hashrate and security.
🔸 Protections and rights related to custody for citizens.
4/ As of February 18, 2026, the bill is back in Congress and needs to go through committee reviews (starting with Economic Development, Finance, and others), then full votes in the Chamber of Deputies and Senate. The central bank has historically been skeptical and doesn't yet recognize Bitcoin as a reserve asset, so there will be pushback. 👇
5/ Sovereign demand like this removes future sell pressure and adds steady buying that tightens the available supply. 1 million BTC is about 4.76% of the total 21 million cap, once accumulated and held forever, that's massive scarcity locked in. 👇
👉 If you care about #Bitcoin, law, and sovereignty, my newsletter breaks this down. ⚡️ Subscribe and stay ahead: 
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