France Debates 2% Bitcoin Reserve Bill

France considers bill to buy 2% of Bitcoin supply and create strategic BTC reserve.

France's National Assembly debates a bill on October 28, 2025, to build a strategic Bitcoin reserve. The LIOT group’s proposal targets 2% of Bitcoin’s supply—420,000 BTC—over 7-8 years. A public institution would oversee holdings, positioning Bitcoin as "digital gold" to bolster economic resilience.

Core Provisions

Julien Ranc’s bill offers tax breaks for domestic Bitcoin mining, prioritizing energy-efficient practices. It establishes stablecoin issuance rules to foster regulated innovation. Purchases would use open markets or direct miner deals, diversifying France’s reserves beyond traditional assets like gold.

Broader Context

France hosts over 70 licensed crypto firms and major exchanges in 2025, aiming for European crypto dominance. Bitcoin trades at $115,000, with a $2.3 trillion market cap. Nations like Bhutan (13,000 BTC) and El Salvador provide models for sovereign adoption.

Hurdles Ahead

Environmental opposition and the ruling majority’s skepticism lower passage odds. Bitcoin mining now uses 58% renewables, but energy concerns persist. No vote is planned; the debate tests political appetite. The proposal underscores Bitcoin’s rising status as a strategic asset.