France is considering a groundbreaking legislative proposal that would see the nation acquire approximately 2% of Bitcoin's total supply to create a national strategic reserve. Lawmaker Éric Ciotti introduced the bill in October 2025, and as of February 2026, it is awaiting approval by the National Assembly. The proposal aims for France to acquire roughly 420,000 BTC over a 7–8 year period through market purchases, mining activities, and assets seized by authorities.
Supporters of the French bill frame Bitcoin as "digital gold" and argue that a national reserve would strengthen France's financial sovereignty while reducing dependence on traditional fiat systems. The initiative also seeks to boost Bitcoin adoption across Europe and influence regulatory frameworks within the European Union. EU regulators are currently reviewing the proposal to ensure alignment with existing digital asset laws. If passed, France would become one of the first major European nations to hold a significant Bitcoin reserve.
Simultaneously, in the United States, Missouri's proposed Bitcoin Strategic Reserve legislation has advanced procedurally. House Bill 2080 has moved to the House Commerce Committee for review. This state-level bill would establish a "Bitcoin Strategic Reserve Fund" within the state treasury, but with a key distinction: it would consist solely of donated Bitcoin rather than direct purchases using taxpayer funds.
The Missouri legislation defines Bitcoin as a decentralized digital asset and outlines custody requirements, with the state treasurer acting as custodian. A notable provision requires donated Bitcoin to be held for a minimum of five years, indicating a long-term reserve strategy. The bill references cold storage standards and digital asset management practices to ensure secure handling. If enacted, Missouri would join other U.S. states exploring Bitcoin reserve frameworks, reflecting a broader trend of governmental experimentation with digital asset treasury strategies.
