The Philippines has introduced House Bill 421, also known as the Strategic Bitcoin Reserve Act, proposing the establishment of a national Bitcoin reserve. The bill, filed by Congressman Miguel Luis Villafuerte, directs the Bangko Sentral ng Pilipinas (BSP) to purchase 2,000 Bitcoin annually for five years, accumulating a total of 10,000 BTC. These Bitcoin holdings would be stored in cold storage and locked for a 20-year period. The reserve aims to enhance national security, bolster economic stability, and serve as a hedge against the country's rising debt. The Bitcoin would only be accessible after two decades, primarily to help reduce the nation's debt load. This move positions the Philippines as one of the pioneering countries in state-level Bitcoin adoption and reflects growing interest in cryptocurrency reserves in Asia. The proposed 10,000 BTC reserve is valued at approximately $1.12 billion.