France Proposes National Bitcoin Reserve, Wants to Buy 2% of Bitcoin Supply

The center-right UDR party, led by lawmaker Éric Ciotti, has tabled a French Parliament bill proposing a national Bitcoin Strategic Reserve that would treat Bitcoin as "digital gold." According to the legislation and journalist Gregory Raymond, France would aim to acquire up to 2% of Bitcoin's supply, roughly 420,000 BTC, over seven to eight years. Funding would include a quarter of savings-scheme money, such as the Livret A and LDDS, with about 15 million euros spent daily on purchases. The UDR holds only 16 of 577 National Assembly seats, and the bill, which is far from approved, faces steep political hurdles.