I guess it matters as a precedent but Im more interested if Norway did the same thing because they have gigantic foreign reserves spare to invest. Instead of a national debt, the country has gigantic wealth so their reserves would be considerable if directed towards Bitcoin.
I believe Norway has about a fund of 1 trillion and the country is 5 million people pretty small but with alot of oil so they saved it with the idea the commodity wealth wont last forever and it must be invested; possibly the best government fiscal policy in the world.
Philippines also great they would do this but few countries have alot of spare resources to invest, mostly we are all trading back and forth debt and relying on trade alot.
What's good thing about is Norway exposure on Bitcoin is increasing
https://coincentral.com/norways-wealth-fund-expands-bitcoin-exposure-by-192-in-q2-of-2025/So same with other country also with Philippines who filled a bill to create a Bitcoin Strategic Reserve for their country there's really a high chance that we could see them draft a bill like this then join with good nation invest on Bitcoin.
But acceptance of this Bill is questionable in Philippines since as we could see it seems that their politicians is not ready for this kind of adaption.