A strategic reserve is a store of commodities used in times of emergency. Sweden has become the latest nation to suggest it may start its own reserve of cryptocurrency.
After the US revealed its own plans for a strategic Bitcoin reserve, Sweden seems ready to follow. Two members of the Sweden Democrats in the Riksdag have called for an investigation into creating one. Both play key roles in the country’s coalition and minority government.
Sweden’s Forward Thinking Strategy
All of this is at a time when the crypto landscape has changed once again. The bitcoin price as of the 2nd of October 2025 stands at $118,820. The overall volatility has been down over the last 12 months. But in the last month alone, it has been high with prices crashing to $109,587 as recently as Sunday, September 28th. This has taken the 20-day moving average to $114,151.76.
Despite these fluctuations, Bitcoin is increasingly being seen as a hedge against inflation and an alternative to gold. It is the concept that it will help diversify the government’s holdings and tackle inflation, which is at the heart of the move. Already holding gold reserves and foreign currencies, Bitcoin would provide a further means of diversification. The two politicians also stressed that this proposal would not change the central bank’s monetary policy. They want the definition of legal tender to stay exactly as it is under the Riksbank Act. This is an effort to demonstrate that it does not want to introduce a digital central bank currency.
The motion was submitted on October 1 by Dennis Dioukarev and David Perez, both members of the Sweden Democrats. It has been titled “A Swedish Bitcoin Strategy” and outlines how to build a reserve, along with which authority would manage it. The motion suggests funding the reserve through seized assets, mainly cryptocurrency confiscated from criminal cases. It does not propose using public money to buy Bitcoin. Instead, the seized funds would be transferred to a central wallet, likely managed by the Riksbank, rather than being sold off.
Sweden does not have any publicly known Bitcoin funds at the moment. However, in November 2024, the country introduced a law that allowed the confiscation of luxury items and cryptocurrency. This applied to those who could not find justification for their income, in a bid to counteract money laundering and the proceeds of crime. It is believed that around $8.3 million worth of assets, including gold and other valuables, have been taken since its inception. It is assumed this law would fund the reserve.
David Perez, one of the motion’s backers, described Bitcoin as “an unparalleled safeguard of sovereignty when global trust in fiat currencies is eroding.” He pointed to its fixed supply and liquidity. Binance echoed that sentiment, noting that while Fed rate cuts are often seen as bullish, Bitcoin’s link to U.S. monetary policy is unpredictable. They noted that while cuts are often viewed as bullish, Bitcoin’s link to (US) Fed policy is weak and volatile. In recent expected changes, Bitcoin prices already reflected expected cuts, so the real impact depends on how Fed actions differ from expectations. This hints at a broader uncoupling of Bitcoin from the US dollar and its domestic tribulations.
Global Trends in Bitcoin Reserves
Similar initiatives are emerging across the Baltic and Nordic regions. Finland now manages Bitcoin seized through law enforcement, while Norway has introduced digital-asset management strategies within its sovereign wealth fund.
Leading the trend is the United States. Earlier this year, it approved a federal Bitcoin reserve stocked with seized digital assets. An audit of the holdings, which were due in April has been delayed. Meanwhile, several states are creating their own reserves. Binance recently highlighted Michigan, which passed a bill allowing up to 10% of state funds to be held in Bitcoin and other cryptocurrencies. These assets will act as long-term strategic reserves, similar to initiatives in Texas and New Hampshire.
Elsewhere, Kazakhstan recently opened its own cryptocurrency reserve named the Alem Crypto Fund. It plans to accumulate digital assets and is backed by the state. Most notable is that it is not just Bitcoin, but also altcoins such as BNB. Binance noted that in the last week of September, BNB surged over 10% while other cryptocurrencies dropped in price. This placed it as the second-best performing large-cap YTD, overtaking ETH. Growth in BNB Chain activity, token burns, and exchange-driven demand have strengthened its fundamentals, while treasury inflows highlight growing institutional interest beyond BTC. This indicates that altcoins are also being acquired for reserves.
This is further institutional adoption, on top of corporate adoption that has already taken place. While volatility remains in the short term, this can only be a positive indicator for the success of Bitcoin in the long term, with many altcoins coming with it.
