Nikolas Sargeant
Swedish members of parliament from the Democrats party have drafted a proposal urging the government to explore the establishment of a strategic Bitcoin reserve. They argue that, as countries like the U.S. move to diversify national holdings, Sweden should join the “digital arms race” by adding Bitcoin to its reserve portfolio.
The proposal suggests funding the reserve potentially via seized Bitcoin and leaves open the question of which government entity would manage those holdings. The MPs—Dennis Dioukarev and David Perez—point out that Sweden currently holds no public Bitcoin assets.
Importantly, the proposal also includes a clause urging the government to pledge that it will not alter the mandate of Sweden’s central bank law to pave the way for a central bank digital currency (CBDC). The lawmakers see this as a signal that Sweden maintains monetary stability while embracing digital innovation.
If adopted, the move would position Sweden among the first nations attempting to blend traditional reserves (like foreign currencies and gold) with a crypto asset. The proposal underscores Bitcoin’s limited supply and potential inflation hedge as reasons for inclusion.
Bitcoin Reserves Elsewhere
A prominent example comes from Kazakhstan, which recently launched the Alem Crypto Fund as its first formal state-backed crypto reserve. The fund was created under the Ministry of Artificial Intelligence and Digital Development and is managed by Qazaqstan Venture Group within the Astana International Financial Centre. Its initial investment was in BNB (Binance Coin), chosen for its liquidity and connection to a major exchange ecosystem. While not explicitly a central bank reserve, the fund is state‑endorsed and positioned to become a strategic vehicle for digital-asset reserves.
Meanwhile in the United States, many states are advancing strategic cryptocurrency reserves. New Hampshire and Texas have successfully enacted legislation creating crypto reserves, while states like Michigan are advancing similar bills through the legislative process.
If the Swedish proposal gains traction, Sweden could join a handful of nations positioning cryptocurrency as part of a broader sovereign reserve strategy. The Kazakhstan model offers a recent and concrete benchmark.
