Sweden to study Bitcoin reserve via confiscated coins
Two Sweden Democrats members of the Riksdag filed a motion on October 1 asking the government to study creating a strategic Bitcoin reserve.
Dennis Dioukarev and David Perez submitted Motion 2025/26:793, titled "En svensk bitcoinstrategi," which also requests the government confirm it will not alter current legal tender definitions.
The motion went to the Finance Committee after submission and review on October 1, with referral dated October 15. The lawmakers want an inquiry into how Sweden can build a strategic Bitcoin reserve and which authority should manage it.
The proposal argues Bitcoin could diversify Sweden's existing gold and foreign-exchange reserves because its value operates independently of any single state's monetary policy. The text describes Bitcoin as "digital gold" and notes its 24-hour market liquidity.
If the Riksdag adopts the motion, the government would be required to conduct the study and state its position on legal tender rules. The motion remains under committee review with no timeline set for a decision.
Dioukarev and Perez propose funding the reserve through seized bitcoins rather than budget allocations. They suggest Swedish authorities transfer confiscated bitcoins to the Riksbank or another agency to form the reserve's foundation. The motion references other governments that have accumulated Bitcoin through seizures and mentions ongoing international discussions about strategic reserves.
The filing asks the government to clarify it has no plans to introduce a central bank digital currency.
In January 2025, European Central Bank President Christine Lagarde rejected a proposal for a European country to hold Bitcoin in official reserves. Lagarde said reserve assets must be "liquid, secure and safe."
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If the Riksdag adopts the motion, the government would be required to conduct the study and state its position on legal tender rules. The motion remains under committee review with no timeline set for a decision.
The Sweden Democrats hold 73 of 349 seats in the Riksdag following the 2022 election.
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