Deep Tide TechFlow News, on August 22, according to NLNico's disclosure, Philippine Congressman Migz Villafuerte has submitted Bill HB 421, proposing the establishment of a strategic Bitcoin reserve for the Philippines. The proposal suggests that the Bangko Sentral ng Pilipinas (BSP) purchase 2,000 bitcoins annually over 5 years, accumulating a total of 10,000 bitcoins and holding them for 20 years, with the aim of strengthening national security and debt stability. If passed, the Philippines will become another country to incorporate Bitcoin into its national reserve strategy.