Why Brazil Is Using Bitcoin As A Treasury Asset And What Other...

Brazil isn’t buying Bitcoin for sovereign reserves. Instead, cities, corporates and B3 products are creating a regulated path to treasury use.

Brazil’s moves are corporate and municipal, not sovereign.

B3’s spot ETFs and resized 0.01-BTC futures let treasurers gain, size and hedge exposure using familiar tools.

New VASP standards (licensing, AML/CFT, governance, security), effective February 2026, reduce operational uncertainty.

Key sequence: Write rules → list plain-vanilla access products → add hedging tools → enforce disclosure.

To be clear, Brazil’s National Treasury and central bank are not adding Bitcoin to the country’s sovereign reserves. There is also no law requiring government bodies or state-owned firms to hold Bitcoin (BTC).

What is happening instead is a patchwork of city initiatives, listed companies and new market infrastructure coming online:

In 2022, Rio de Janeiro’s mayor floated allocating 1% of the city’s reserves to crypto, which pulled municipal treasuries into the discussion.

On the corporate side, Méliuz pivoted to a Bitcoin-treasury strategy in 2025, won shareholder approval to expand it and raised about 180 million Brazilian reais (roughly $32.4 million) to buy BTC.

Public-market exposure is growing, too. In October 2025, OranjeBTC was listed on B3 with thousands of BTC on its balance sheet.

Source: CoinTelegraph