Sweden takes steps toward establishing Bitcoin reserves
Image of physical Bitcoins accessed on January 22, 2025. (AFP Photo)
Swedish Member of Parliament Dennis Dioukarev has formally submitted a parliamentary inquiry this week to Swedish Finance Minister Elisabeth Svantesson, asking whether the Swedish government is considering integrating Bitcoin into its financial reserves.
Alongside fellow MP Rickard Nordin, Dioukarev is calling on the country to strengthen its national reserves by adding Bitcoin—without tapping into public funds.
Sweden inspired by the “Trump Model” for strategic Bitcoin reserves
The conversation in Sweden mirrors developments in the U.S., where the Trump administration initiated a strategic pivot in March 2025, signing an executive order to transform confiscated Bitcoin (BTC) holdings into strategic national assets. The order also mandates a comprehensive audit of the United States’ Bitcoin holdings. According to BitcoinTreasuries, the U.S. government currently holds over 207,000 BTC, more than any other sovereign nation.
Inspired by this, Dioukarev has suggested that Sweden diversify its reserves—traditionally composed of fiat currency and gold—by including Bitcoin, again emphasizing that it can be done without additional government spending. This reflects a growing global recognition of Bitcoin’s evolving role in financial systems.
Divided Europe on crypto strategy
Momentum is building across Europe for similar moves. Just last week, MP Rickard Nordin echoed Dioukarev’s call, urging the Swedish government to reconsider Bitcoin’s role in the country’s fiscal policy.
Elsewhere, Czech National Bank Governor Ales Michl proposed investing up to $7 billion of the country’s foreign reserves into Bitcoin, aiming to diversify its holdings. However, not all voices in Europe are aligned.
European Central Bank President Christine Lagarde has publicly stated that she sees it as highly unlikely that any central bank within the EU would include Bitcoin on their balance sheet, underscoring ongoing divisions within the bloc over crypto policy.
Sign of Things to Come?
The initiative by Swedish lawmakers underscores Bitcoin’s growing relevance in global finance and reflects a broader trend of countries reevaluating their digital asset strategies.
Whether other European nations will follow Sweden’s lead remains to be seen, but the conversation is clearly gaining momentum.
