Sweden could become one of the first countries in Europe to establish a national Bitcoin reserve, following a parliamentary motion submitted on October 1 by Dennis Dioukarev and David Perez of the Sweden Democrats (SD).
The motion, titled “A Swedish Bitcoin Strategy” (Motion 2025/26:793), calls on the government to investigate how a strategic Bitcoin reserve could be built and to determine which authority would be best suited to manage it.
He added that the approval was seen as a deviation from the SEC’s usual stance, indicating a potential shift influenced by political pressures. Other countries, including the United Kingdom and Finland, have accumulated Bitcoin through seizures, while the Czech Republic, Latvia, and Poland are reportedly weighing similar strategies.
The lawmakers argue that Sweden’s central bank already maintains a gold reserve and foreign exchange reserves, and Bitcoin could serve as a complementary asset.
Both lawmakers cited the example of the United States, which has formalized its approach to Bitcoin holdings after years of building reserves through seizures. Despite these appeals, Swedish authorities have maintained a cautious stance toward the crypto sector. Regulators have taken a strict line on exchanges and miners in recent years, citing tax and compliance risks.
MP Rickard Nordin echoed the call in a separate letter dated April 8, arguing that Bitcoin could safeguard financial sovereignty amid growing global uncertainty.
Justice Minister Gunnar Strömmer instructed authorities to step up asset seizures under a new law targeting unexplained wealth, which took effect in November 2024. The measure allows confiscation of cash, crypto, and luxury goods if owners cannot justify their income. So far, over $8.3 million has been seized. The law has sparked controversy, with critics warning of risks to civil liberties after cases such as a woman losing $137,000 and a Rolex at Gothenburg airport.
Sweden is seeing a growing convergence between crypto adoption and tougher state oversight.
