Overview
- The UDR-led measure, filed on Oct. 28 in the National Assembly, outlines a Bitcoin Strategic Reserve targeting roughly 420,000 BTC over seven to eight years, or about 2% of supply.
- The plan establishes a dedicated Public Administrative Establishment to manage the reserve in a structure similar to how France’s gold and foreign-currency holdings are overseen.
- Accumulation would draw on public mining powered by surplus nuclear and hydroelectric energy, the retention of seized crypto, and daily allocations from Livret A and LDDS savings—about €15 million per day, or roughly 55,000 BTC per year.
- The text opposes an ECB digital euro, promotes euro‑denominated stablecoins with tax‑free payments up to €200 and the option to pay certain taxes in those assets, and seeks electricity‑tariff and prudential rule changes to support mining and institutional adoption.
- If enacted, the reserve would surpass current U.S. sovereign holdings and be valued at more than $48 billion at recent prices, though the bill remains under parliamentary review and requires broader support to advance.