France Bitcoin Reserve Bill Targets 420,000 BTC by 2033
France’s center-right UDR party has introduced legislation to establish a national Bitcoin Strategic Reserve. The bill proposes acquiring 420,000 BTC over seven to eight years. Led by lawmaker Éric Ciotti, this marks the first comprehensive cryptocurrency legislation presented in the French Parliament.
The proposal aims to accumulate roughly 2% of Bitcoin’s total circulating supply. Officials position the cryptocurrency as “digital gold” to strengthen France’s financial sovereignty. This legislative move signals growing institutional acceptance of Bitcoin as a strategic national asset across Europe.
Nuclear Energy Powers France’s Bitcoin Reserve Strategy
The bill outlines plans to leverage France’s excess nuclear and hydroelectric power for Bitcoin mining operations. The strategy includes establishing a dedicated public administrative entity to manage gradual accumulation over the proposed timeframe.
France would allocate approximately €15 million daily from popular savings schemes like Livret A and LDDS toward Bitcoin purchases. This funding structure targets acquiring roughly 55,000 BTC annually. The bill also proposes favorable tax regimes for mining facilities and flexible taxation for dedicated data centers.
Additionally, the legislation allows France to retain Bitcoin seized during judicial proceedings. The country has already confiscated cryptocurrencies through operations targeting dark web marketplaces.
Bitcoin Reserve France Bill Includes Stablecoin Provisions
Beyond Bitcoin accumulation, the proposal promotes euro-denominated stablecoins as practical alternatives to traditional payment networks. The legislation sets transactions under €200 exempt from taxation and social contributions. Citizens could pay certain taxes in Bitcoin, pending constitutional approval.
The bill explicitly opposes a European Central Bank-controlled digital euro. Supporters argue that centralized CBDCs threaten financial freedoms and personal privacy. The proposal seeks to ease certain MiCA regulatory constraints at the EU level.
France’s Bitcoin Reserve Faces Political Challenges
Despite its ambitious scope, the legislation faces significant hurdles. The UDR party holds only 16 of 577 seats in the National Assembly, so it is unlikely to adopt the measure without broader political support from other parties.
The proposal follows France’s earlier cryptocurrency initiatives. In July 2025, the government announced a five-year national Bitcoin mining plan. That initiative aims to generate approximately $150 million in additional revenue from the digital asset industry.
France Bitcoin Reserve Reflects Growing Sovereign Interest
France’s proposal aligns with an emerging international trend toward sovereign Bitcoin reserves. In Germany, financial firm Aifinyo AG recently converted its entire balance sheet to Bitcoin. The company adopted a treasury model similar to Michael Saylor’s Strategy Inc. approach.
In South Korea, Bitplanet is establishing an institutional Bitcoin reserve with $40 million allocated to purchases. Meanwhile, Nasdaq-listed K Wave Media plans a $1 billion Bitcoin fund through structured financing with Anson Funds.
Bitcoin Reserve Demand Could Accelerate Price Discovery
Analysts view France’s legislative initiative as potentially transformative for institutional Bitcoin demand. If passed, the bill could trigger competitive accumulation strategies among other nations. The proposal positions Bitcoin as a legitimate reserve asset alongside traditional holdings like gold and foreign currencies.
The acquisition timeline spans nearly a decade, suggesting sustained buying pressure. Combined with similar initiatives from private institutions and other governments, this could fundamentally alter Bitcoin’s supply dynamics. Market participants anticipate heightened volatility as nations compete for the limited Bitcoin supply.
France’s approach increasingly recognizes Bitcoin’s role in monetary diversification strategies. Whether the legislation advances beyond committee stages remains uncertain. Nevertheless, the proposal validates Bitcoin’s maturation from speculative asset to strategic national reserve consideration.
Conclusion
France’s Bitcoin reserve proposal represents a significant shift in institutional cryptocurrency adoption. The bill targets 420,000 BTC acquisition through nuclear-powered mining and strategic purchases. While political challenges exist, the initiative reflects growing sovereign interest in Bitcoin as digital gold. Similar moves by Germany and South Korea suggest a broader trend toward national cryptocurrency reserves.
