Swedish MPs Call on Finance Minister to Establish a National Bitcoin Reserve

Key Takeaways:

• Two Swedish MPs propose creating national Bitcoin reserves using seized crypto assets.
• The strategy aims to diversify and hedge against inflation without direct purchases.
• Global shifts affirm Bitcoin’s role as a hedge and diversification tool.

Another member of the Swedish parliament has called on the government to add Bitcoin to its national reserves. This request makes it two Swedish MPs advocating for the strategy, as the proposal aligns with global trends.

Global Trends Drive Adoption of National Digital Asset Reserves

On April 14, Dennis Dioukarev from the Sweden Democrats submitted an open letter to Finance Minister Elisabeth Svantesson proposing that Sweden adopt a strategy to gather Bitcoin from seized crypto assets, similar to the U.S. model.

Today I submitted a question to the swedish minister of finance @ElisabethSvan regarding a strategic bitcoin reserve for the centralbank. pic.twitter.com/Wogil1Camj

— Dennis Dioukarev (@DennisDioukarev) April 14, 2025

This follows last week's appeal by MP Rickard Nordin urging officials to consider Bitcoin’s growing importance worldwide and switch from its conservative approach to digital and crypto assets. 

Nordin emphasized Bitcoin’s role as a hedge against inflation and a tool for individuals under authoritarian regimes to make transactions.

In March, U.S. President Donald Trump signed an order to create a national Bitcoin reserve using confiscated crypto assets. 

This approach allows the government to grow its Bitcoin holdings without direct purchases. 

Czech National Bank Governor Aleš Michl also backs adding Bitcoin to the country’s reserves for diversification, with a plan valued at nearly $7.7 billion. 

Should Sweden and the Czech Republic establish a Bitcoin reserve, they will join countries like El Salvador and the US in this approach. Brazil and Poland might join them. Yet, not everyone agrees.

European Central Bank (ECB) President Christine Lagarde has dismissed Bitcoin as unsafe, saying she doubts it will enter the bank's reserves.

Institutional Acquisition Expands as Public Entities Build Bitcoin Reserves

Although major European nations haven't openly challenged the view expressed by the ECB President, Italian MP Marcello Coppo has advised banking foundations to invest in Bitcoin. 

He argues that even a small allocation towards the digital asset could yield significant returns. 

Still, Coppo admits Italy won't create a Bitcoin reserve anytime soon. This comes as U.S momentum on strategy reserves continues to grow at federal and state levels.

In January, Intesa Sanpaolo, a major Italian banking giant, became the first to respond to Coppo's call by purchasing 11 BTC directly for approximately $1 million.

https://twitter.com/Swan/status/1878912258526556669%C2%A0

This move highlights a growing trend where corporate institutions, beyond government initiatives, are building their digital asset reserves.

Strategy, the largest corporate Bitcoin holder, continued its Bitcoin purchase, adding 3,459 BTC to its holdings.

The firm has strengthened its substantial Bitcoin asset portfolio to 531,644, underscoring its long-term commitment to cryptocurrency investments.

STRATEGY BUYS 3,459 BTC & NOW HOLDS 531,644 #BITCOIN

NOTHING STOPS SAYLOR 🚀 pic.twitter.com/xW8cSfQxLA

— Bitcoin MENA Conference (@bitcoinmenaconf) April 14, 2025

While many companies continue acquiring Bitcoin, Strategy's holdings vastly outstrip those of Marathon Digital Holdings in second place, with a difference of more than 400,000 Bitcoins.

Though Strategy’s forward-thinking Bitcoin acquisition approach has received praise, volatility risk still exists. The tech company reported $5.91 billion in unrealized losses on its Bitcoin holdings for the first quarter of 2025.