France Moves to Build Europe’s First National Bitcoin Reserve With Ambitious 420,000 BTC Plan

The proposed bill, set to be introduced in the National Assembly by Eric Ciotti, President of UDR, outlines a plan for France to purchase roughly 420,000 BTC over a period of seven to eight years. The initiative is designed to strengthen the country’s financial sovereignty, positioning Bitcoin as a long-term store of value in the face of global monetary uncertainty.

According to Alexander Laizet, Director of Bitcoin Strategy at The Blockchain Group, the proposal aims to leverage nuclear and hydroelectric energy to mine Bitcoin domestically. The mined BTC would then be held permanently, establishing France as a pioneer in integrating sustainable energy with crypto-based reserves.

“The idea is to secure the future of the French economy through energy-backed Bitcoin accumulation,” Laizet explained, highlighting the country’s ambition to anchor its reserve strategy on renewable resources and technological independence.

Capital B Leads the Charge

France already has a foundation for such a move. Capital B, the nation’s first institutional Bitcoin treasury, currently holds over 2,249 BTC and has played a central role in advancing pro-Bitcoin policies. The treasury has been vocal about the need for governments to treat BTC as a strategic asset akin to gold — one that can hedge against inflation and currency devaluation.

This proposed national reserve would effectively extend Capital B’s approach to a state level, transforming France into Europe’s first Bitcoin-holding nation.

France’s Broader Bitcoin Ambitions

The new bill follows France’s earlier steps toward broader crypto adoption. In July 2025, the government announced a five-year national Bitcoin mining plan aimed at using excess nuclear and renewable electricity to generate new revenue streams. The initiative was designed to support the local energy grid while creating sustainable income through Bitcoin production.

The government also aims to generate around $150 million in additional revenue from the digital asset industry by improving efficiency and reducing energy waste — signaling that France’s interest in Bitcoin extends well beyond speculative trading.

A Global Trend of Bitcoin Treasuries

France’s plan reflects a growing international trend toward sovereign Bitcoin reserves. In Germany, financial firm Aifinyo AG recently converted its entire balance sheet into Bitcoin, adopting a treasury model similar to Michael Saylor’s Strategy Inc. In South Korea, Bitplanet is establishing the country’s first institutional Bitcoin reserve with a $40 million allocation, while Nasdaq-listed K Wave Media is building a $1 billion Bitcoin fund through structured financing with Anson Funds.

If France’s proposal passes, it could mark the beginning of a Bitcoin arms race among governments, as more nations move to secure digital assets as part of their official reserves. For now, the world will be watching closely as France seeks to redefine what national wealth looks like in the era of digital money.

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