A Swedish lawmaker is proposing the establishment of a national Bitcoin reserve

Dennis Dioukarev, a Member of the Riksdag representing the Sweden Democrats, submitted a formal question to Finance Minister Elisabeth Svantesson

A Swedish lawmaker has proposed the establishment of a national Bitcoin reserve, calling on Sweden to position itself as a forward-thinking nation amid growing global interest in strategic cryptocurrency adoption.

Member of the Riksdag Dennis Dioukarev (Sweden Democrats) submitted a formal question to Finance Minister Elisabeth Svantesson, proposing a national strategy to accumulate Bitcoin (BTC) through confiscated assets.

The proposal comes in response to a U.S. executive order that launched a strategic Bitcoin reserve and required an audit of America’s current BTC holdings, the largest of any sovereign nation.

Sweden plans to follow the United States’ lead and adopt Bitcoin as a national reserve

Dioukarev noted that adopting BTC as a national reserve is a trend seen in many countries, referencing the U.S. government’s move to establish a strategic Bitcoin reserve using seized funds.

“Is this something that the minister and the government are considering?” Dioukarev wrote.

He suggested a similar path for Sweden to strengthen its currency reserves with BTC, alongside fiat and gold, without spending public funds.

The idea of a national BTC reserve in Sweden comes amid its rising popularity across Europe. In response, several prominent figures have advocated establishing a national Bitcoin reserve.

Dioukarev’s proposal follows a similar call from MP Rickard Nordin, who, on April 8, urged the same minister to rethink Sweden’s conservative approach to its reserves in light of BTC’s growing importance globally.

Aleš Michl, the Czech National Bank Governor, proposed diversifying the Republic’s foreign reserves by investing up to $7 billion in BTC.

However, there are still doubts about BTC in the European Union. Christine Lagarde, the president of the European Central Bank, said that it was highly unlikely that any of the major banks in the bloc would have Bitcoin listed on their balance sheets.

Whereas Europe was divided over Bitcoin policy, Washington, on the other hand, continued to advocate for widespread cryptocurrency adoption. In March, President Trump issued an executive order to create a strategic Bitcoin reserve made up of Bitcoin that law enforcement agencies had seized over the years.

In addition, Bitcoin Treasuries said that the order required an audit of America’s current holdings, which amount to 207,000 BTC and are the largest of any sovereign nation.

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