27 Apr 2025

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Two Swedish MPs Push for Strategic Bitcoin Reserve

two lawmakers draped in the Swedish flag, engaged in discussion—sketching something, taking notes - The Coinomist

Sweden is debating the idea of creating a Bitcoin reserve. Two members of parliament formally asked the finance minister to follow the example of the United States.

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Sweden’s political debate over Bitcoin’s role in national financial strategy is gaining momentum. This week, Member of Parliament Dennis Dioukarev submitted an official request to Finance Minister Elisabeth Svantesson, urging her to create a national strategy for accumulating Bitcoin. 

In his proposal, he pointed to the example of the United States, where the government has started building a crypto reserve using seized digital assets.

Dioukarev believes Sweden could follow the example of other countries by using seized BTC to create a budget-neutral fund. He also emphasized that this approach could strengthen financial independence and diversify the country’s national reserves.

MP Rickard Nordin shares a similar view. A week earlier, he submitted a similar proposal to the finance minister. In his statement, Nordin called Bitcoin a “tool for freedom” and a “hedge against inflation,” stressing its value in times of geopolitical instability and rising authoritarianism.

While the proposals from Dioukarev and Nordin haven’t yet moved to the legislative stage, they already reflect a shift in how Bitcoin is viewed in national politics. For the first time in Swedish history, two sitting lawmakers have openly supported adding BTC to the country’s state reserves.

The Global Bitcoin Reserve Trend: From the U.S. to the Czech Republic

Sweden’s initiative isn’t happening in isolation. For example, in March 2025, U.S. President Donald Trump signed an executive order to create a national Bitcoin reserve. Under the original plan, the government would accumulate BTC not by buying it on the open market, but by seizing it from criminals.

Bitcoin reserve status in U.S. states — The Coinomist.
Steps toward building Bitcoin reserves in various U.S. states. Source: linkedin.com

The U.S. Department of the Treasury and the Department of Commerce now have the authority to expand the national Bitcoin reserve without increasing government spending.

Meanwhile, in the Czech Republic, the head of the central bank proposed adding BTC to the country’s foreign currency reserves. He described Bitcoin as a way to diversify holdings and protect against the instability of traditional assets. In Italy, the country’s largest bank, Intesa Sanpaolo, became the first in the nation’s history to buy Bitcoin on the open market.

As more European players take similar steps, Sweden’s stance aligns with a growing trend. And even though the European Central Bank continues to push back (its President, Christine Lagarde, calls Bitcoin “unreliable”), interest in digital reserves keeps rising.

Related: Why the EU Is Ignoring Bitcoin Reserves

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