Two members of Sweden’s Riksdag proposed that the state investigate the creation of strategic Bitcoin reserves and make it clear that it will not change the laws defining central bank monetary policy. This idea is framed as a way to protect inflation and provide a country with another kind of valuable storage.
Sweden’s political promotion
The proposal revealed that a proposal from Swedish MPS Dennis Dioukarev and David Perez claimed that “we should participate in this digital arm race.”
According to their submissions, one possible source of funding could be seized of Bitcoin, but it is unclear who will manage the holdings.
Swedish Democrats won more than 20% of the vote in the 2022 election, and now play a key role in supporting the current coalition, giving the weight of the proposal in the capital.
Swedish Parliament acts #bitcoin! 🇸🇪
After a presentation by JAN3 in the Swedish Parliament, Parliamentary member @dennisdioukarev David Perez then submitted a motion to establish a strategic Bitcoin reserve and, importantly, formally declared that Sweden will not introduce CBDC. pic.twitter.com/t8mvfxlgki
– jan3 (@jan3com) October 1, 2025
The growing local code scene
Sweden already hosts a modest crypto industry. Reports show that 85 companies operate in that sector, with 20 of these companies together raising $48 million in venture and private funding.
Crypto ATMs are operated domestically. The exchange is regulated and is subject to money laundering and knowledgeable customer rules enacted by the Swedish financial supervisory authority.
Source: Riksdag
The law passed in November 2024 allows authorities to seize gorgeous items containing ciphers, even if the owner is not the target of the original probe.
Preliminary discussion
Dioukarev and Perez say that Bitcoin holdings will sit alongside currency and gold reserves to help diversify the state’s assets. They point to a Bitcoin supply cap of 21 million, claiming that this difficult limit could serve as a hedge against inflation.
BTCUSD trading at $118,741 on the 24-hour chart: TradingView
According to their proposal, Bitcoin is “currently the sixth largest asset in the world”, larger than some of the global companies they named, offering a lower correlation with traditional reserves that could be affected by political or economic policies.
They also describe transaction costs as “negligible” and suggest that they could potentially be transferred faster than some FIAT transactions.
Image: ICOBench
Funding and political context
Other Swedish politicians have raised this issue previously. According to the report, Centre Party deputy leader Rickard Nordin recently urged the Finance Minister to consider Bitcoin.
The new proposal calls on the government to ensure that it will not change the Riksbank Act to allow central bank digital currency. That pledge is intended as a signal that Stockholm is not planning to move towards the CBDC.
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