Key Points
- •France proposes a bill to acquire 420,000 Bitcoins over 7-8 years.
- •This proposal could make France a pioneer in Bitcoin reserve holdings within Europe.
- •Utilizing surplus energy for mining is seen as a way to increase economic potency.
French MP Éric Ciotti has put forth a proposal for the acquisition of 420,000 Bitcoin, leveraging surplus energy for national reserves. If successful, this initiative could position France as the first European country to hold such a significant amount of Bitcoin in its national reserves.
This potential move is expected to have a considerable impact on global cryptocurrency markets and shape European approaches to cryptocurrency regulation, establishing France as a leader in the integration of digital assets at a national level.
France Eyes 420,000 Bitcoin Acquisition Through Nuclear Power
Éric Ciotti, a representative of the Union of Rights for the Republic, presented an ambitious plan on October 28th. This proposal outlines the acquisition of 420,000 Bitcoins over a period of seven to eight years. The initiative aims to leverage France's existing surplus of nuclear and hydropower, in addition to cryptocurrency assets that have been seized by the nation.
The proposed funding mechanisms include the repurposing of energy revenue and the encouragement of daily Bitcoin purchases through savings accounts. Should the bill be approved, France would become a pioneer in integrating Bitcoin into its state reserves, representing an unprecedented step for a European nation.
"Our proposal aims not just at immediate gains but at establishing a sustainable economic framework through cryptocurrencies." — Éric Ciotti, President, Union of Rights for the Republic (UDR)
Historic Move Sparks Bitcoin Trading Speculation in Europe
Did you know? France's initiative to utilize nuclear energy for Bitcoin mining, intending to anchor national reserves, highlights innovative applications of surplus power for leveraging digital economics.
As of October 28, 2025, Bitcoin (BTC) was valued at $114,793.37, with a market capitalization of $2,289,112,108,008.00. The market dominance of BTC stood at 59.07%, and its circulating supply was nearing 19,941,153 tokens, according to data from CoinMarketCap. Despite a slight dip of 0.27% in the preceding 24 hours, the asset had seen a gain of 5.68% over the past seven days.
Research insights from Coincu indicate a potential shift in European regulatory frameworks. The trend towards strategic cryptocurrency integration aligns with global movements to diversify reserves and include digital assets. The adoption of such policies could potentially enhance financial stability and stimulate innovation if implemented.