Lawmakers propose using seized crypto to diversify state holdings, echoing a global shift toward Bitcoin reserves.
Sweden may be on the cusp of a bold monetary experiment. Two members of parliament, Dennis Dioukarev and David Perez of the Sweden Democrats, have submitted a motion calling for the creation of a national Bitcoin reserve.
The proposal, filed October 1 as Motion 2025/26:793, argues that Bitcoin could help the country hedge against inflation and diversify its state holdings alongside gold and foreign currencies.
From seizures to state strategy
What makes the idea distinct is its funding model. Rather than tapping taxpayer money, the reserve would be built from cryptocurrency seized by law enforcement under a 2024 law that allows the confiscation of luxury goods and digital assets from individuals unable to justify their income. To date, authorities have seized more than $8.3 million worth of assets. Instead of auctioning off that Bitcoin, lawmakers want it transferred to the Riksbank or another designated authority to serve as part of the national reserve.
Currently, Sweden has no official Bitcoin holdings, according to available data. The motion suggests that the existing seizure framework provides a low-cost entry point into digital assets without straining the national budget.
Why Bitcoin?
The lawmakers frame Bitcoin as an increasingly important global asset. With a fixed supply of 21 million coins, it is touted as a safeguard against inflation in a world of expanding money supplies. They highlight its independence from the monetary policies of any single country, its 24/7 global trading, and its relatively low transaction costs compared to traditional fiat currencies.
Dioukarev and Perez describe Bitcoin as now comparable to silver in market value and larger than many leading corporations, including Tesla, Meta, and Amazon.
In their view, integrating Bitcoin into Sweden’s reserves would not only strengthen the balance sheet but also signal that the country is open to digital innovation.
Sweden's Parliament acts on #Bitcoin! 🇸🇪
— JAN3 (@JAN3com) October 1, 2025
After JAN3's presentation at the Swedish Parliament, MPs @DennisDioukarev and David Perez submitted a motion to establish a Strategic Bitcoin Reserve and, crucially, to formally declare that Sweden will not introduce a CBDC. pic.twitter.com/T8mVFxlGki
Political weight
The Sweden Democrats, who secured more than 20% of the vote in the 2022 general election, are influential partners in the ruling coalition led by the Moderate Party. Their backing gives the proposal more political weight than a fringe motion.
This isn’t Sweden’s first brush with the idea either, earlier this year, MP Rickard Nordin urged the finance minister to consider Bitcoin reserves as part of long-term financial planning.
The Finance Committee is scheduled to review the latest motion on October 15, where lawmakers will debate whether Sweden should take the first steps toward a national Bitcoin strategy.
Global trend
Governments worldwide are experimenting with digital asset reserves.
In the U.S., lawmakers advanced the bipartisan GENIUS Act to establish a federal Bitcoin reserve, while Texas and Utah have already passed laws creating state-level treasuries backed by Bitcoin. Massachusetts will hold a hearing on October 7 to explore a similar initiative, and more than 25 states are weighing comparable measures.
Ukraine recently joined the conversation. In June 2025, a group of MPs introduced a draft bill empowering the National Bank of Ukraine to hold Bitcoin and other virtual assets in its official reserves.
Elsewhere, Kazakhstan launched its first crypto reserve this year, starting with BNB, while Brazil is considering a massive $19 billion Bitcoin reserve under its RESBit plan. The Philippines and Pakistan have outlined government-led crypto strategies, and European neighbors like Finland and the U.K. already hold Bitcoin seized in enforcement actions.
Looking Ahead
Still, the proposal is far from becoming policy.
The motion also explicitly requests that Sweden not alter the Riksbank Act to redefine legal tender, signaling no appetite for a central bank digital currency at this stage.
But the discussion reflects a shifting global landscape, where even conservative governments are beginning to consider whether Bitcoin has a place in their long-term financial defense strategy.
Oleksii Shumak
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