Sweden Lawmakers Push for Bitcoin Reserve In New Proposal

Key Insights:

Sweden lawmakers propose Bitcoin reserve using seized assets.

The proposal says no to CBDC introduction.

The nation's Financial Committee is expected to review the proposal by October 15.

Sweden joins countries exploring strategic crypto reserves.

Two Swedish lawmakers, Dennis Dioukarev and David Perez of the Sweden Democrats, have proposed a national Bitcoin reserve to strengthen financial sovereignty and hedge against inflation. The motion was submitted on October 1 and will be reviewed by the Finance Committee on October 15.

Rather than using taxpayer funds, the proposal suggests funding the reserve with Bitcoin already seized by law enforcement, offering a budget-neutral solution to diversifying Sweden’s state assets.

Over $8.3 million in crypto and luxury assets have been confiscated since Sweden passed new legislation in November 2024, allowing authorities to seize digital assets from individuals who cannot justify their wealth.

The motion positions Bitcoin alongside gold and foreign currency as a potential strategic reserve asset, citing its fixed supply, liquidity, and independence from traditional central banking systems.

In addition to financial diversification, the lawmakers seek to preserve Bitcoin’s legal status in Sweden by requesting that the government avoid introducing a central bank digital currency (CBDC) or redefining legal tender under the Riksbank Act.

Sweden To Mirror US Pro-Crypto Stance 

The proposal follows increasing calls for Bitcoin integration in Sweden’s economy. In April 2025, Dioukarev sent a letter to Finance Minister Elisabeth Svantesson advocating for Bitcoin reserves citing the US’s pro-crypto stance as a move to emulate. 

Other countries and states including the UK, Ukraine, Arizona, Michigan and Kazakhstan are also exploring the idea of a national crypto reserve. The late move is aimed at positioning Sweden as part of the those gearing towards new technologies.

However, Swedish regulators have been cautious about cryptocurrencies. The country has enforced stricter controls on crypto exchanges and mining activities in recent years. 

Still, the proposal signals a shift in national discourse, with lawmakers seeking to future-proof Sweden’s financial infrastructure and keep pace with global trends.

If adopted, Sweden would join a growing list of nations like El Salvador and Bhutan who have incorporated crypto assets into state-level economic strategies.