France Proposes $48 Billion Bitcoin Reserve Plan for National Holdings

France plans to acquire 420,000 BTC over eight years, equal to 2% of Bitcoin’s total supply.

The proposal includes using nuclear-powered mining and public savings accounts to fund Bitcoin purchases.

The bill also promotes euro-backed stablecoins and small crypto transaction tax exemptions under €200 per day.

French lawmakers have introduced a bill to acquire 420,000 Bitcoin worth about $48 billion for the country’s national reserves. The proposal represents 2% of Bitcoin’s total supply and would make France the first European nation to establish a Bitcoin Strategic Reserve if approved

The legislation, submitted to the National Assembly by Union of the Right and Center (UDR) leader Éric Ciotti, outlines a seven-to-eight-year acquisition plan designed to strengthen France’s financial sovereignty through diversification.

Lawmakers Outline Digital Gold Strategy

The proposal establishes a public administrative body to manage the Bitcoin holdings. Supporters describe the initiative as building “France’s national digital gold,” intended to diversify foreign reserves and reduce exposure to currency volatility

According to Ciotti, the goal is to position France as a leader in the adoption of digital assets while maintaining long-term monetary stability. To fund the Bitcoin accumulation, the bill outlines several channels

One source would involve public Bitcoin mining operations powered by surplus nuclear and hydroelectric energy. This model aims to make the process sustainable and support France’s energy industries. The proposal also suggests the state retain Bitcoin seized in judicial proceedings instead of auctioning it, gradually adding to the reserve.

Savings and Mining to Drive Acquisition

Lawmakers further proposed allocating part of funds from Livret A and LDDS savings accounts to daily Bitcoin purchases on the open market. The allocation would equal about €15 million per day, or roughly 55,000 BTC annually. The bill also mentions the possibility of allowing tax payments in Bitcoin, pending constitutional review.

According to The Big Whale co-founder Gregory Raymond, the measure represents France’s most comprehensive attempt to integrate Bitcoin into state policy. Alexander Laizet, Director of Bitcoin Strategy at The Blockchain Group, said the proposal supports “financial sovereignty” through perpetual Bitcoin holdings and state-backed mining using clean energy sources.

Expanding Crypto Policy Framework

The draft extends beyond Bitcoin acquisition. It also recognizes euro-backed stablecoins as valid payment instruments and proposes exempting small crypto transactions under €200 per day from taxes and social contributions. Additionally, it calls on the European Union to ease MiCA restrictions on stablecoin issuance and raises concerns that a digital euro could centralize monetary control.

Despite limited backing, the UDR holds only 16 seats, the proposal shows France’s growing interest in cryptocurrency policy. According to industry sources, it places France among the few major economies publicly considering Bitcoin as part of their sovereign reserve strategy.

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