TLDR
- Swedish Democrats Dennis Dioukarev and David Perez filed Motion 2025/26:793 on October 1 requesting investigation of a national Bitcoin reserve
- The proposal would fund the reserve using cryptocurrency seized by law enforcement without requiring new government spending
- Sweden’s Finance Committee will review the motion on October 15 to determine if the country should pursue a Bitcoin reserve strategy
- The motion asks the government to confirm it will not introduce a central bank digital currency
- Over 25 U.S. states and multiple countries are exploring similar Bitcoin reserve policies
Two Swedish parliament members have submitted a formal motion requesting the government investigate creating a strategic Bitcoin reserve for the nation. The proposal was filed on October 1 by Dennis Dioukarev and David Perez, both members of the Swedish Democrats party.
Motion 2025/26:793 calls for an examination of how Sweden could build a Bitcoin reserve and which government authority should oversee it. The lawmakers argue that cryptocurrency could serve as a hedge against inflation and complement the country’s existing gold and foreign exchange holdings.
The proposal comes as Sweden has no publicly disclosed Bitcoin holdings. However, the country passed legislation in November 2024 permitting authorities to seize cryptocurrency and luxury assets from individuals unable to prove legitimate income sources.
Budget-Neutral Funding Approach
The motion proposes a cost-neutral method for establishing the reserve. Law enforcement agencies would transfer seized Bitcoin to the Riksbank or another designated authority instead of selling it at auction.
Since the November 2024 law took effect, Swedish authorities have confiscated over $8.3 million in assets. This includes cryptocurrency holdings seized from individuals during investigations.
The Swedish Democrats secured over 20% of votes in the 2022 general election. The party currently supports the minority government coalition, giving them influence over policy decisions.
Dioukarev and Perez argue that Bitcoin operates independently of any single nation’s monetary policy. They cite the cryptocurrency’s fixed supply of 21 million coins as protection against currency devalation.
The lawmakers describe Bitcoin as the sixth-largest asset globally by market value. They compare its scale to silver and note it exceeds the market capitalization of companies like Tesla and Amazon.
International Bitcoin Reserve Movement
The Swedish proposal follows similar initiatives in multiple countries. The United States advanced a national Bitcoin reserve framework through the GENIUS Act earlier this year.
Massachusetts scheduled a hearing for October 7 to discuss creating a state-level Bitcoin reserve. Texas and Utah have already implemented state Bitcoin reserve programs.
Finland and the United Kingdom have accumulated Bitcoin through law enforcement seizures. Poland, Latvia and the Czech Republic are evaluating comparable strategies.
Kazakhstan launched the Alem Crypto Fund as its national cryptocurrency reserve in 2025. Brazil is considering a $19 billion Bitcoin reserve through the RESBit program.
The Philippines and Pakistan have developed their own state cryptocurrency strategies. More than 25 U.S. states are now exploring Bitcoin reserve legislation.
Central Bank Digital Currency Opposition
The motion includes a request for the government to confirm it will not modify the legal tender definition in the Riksbank Act. This would signal Sweden has no plans to launch a central bank digital currency.
Swedish regulators currently oversee cryptocurrency exchanges and enforce compliance with anti-money laundering requirements. Bitcoin is legal in Sweden and ATMs supporting cryptocurrency transactions operate throughout the country.
Swedish companies are increasingly adding Bitcoin to their balance sheets. Health technology firm H100 Group AB purchased 4.39 BTC in May for long-term holding.
Refine Group AB, a digital commerce company, established a $1 million Bitcoin reserve in July. Both firms have announced plans to expand their cryptocurrency holdings.
The Finance Committee will review the proposal on October 15. Lawmakers will debate whether Sweden should join other nations treating Bitcoin as a strategic financial asset.
