France Proposes Bill to Acquire 420,000 Bitcoins Nationally

French MP Éric Ciotti proposes a bill to acquire 420,000 Bitcoin using surplus energy for national reserves, potentially making France the first European country to do so.

This proposal could significantly influence global cryptocurrency markets and European regulatory approaches, positioning France as a leader in national digital asset integration.

France Eyes 420,000 Bitcoin Acquisition Through Nuclear Power

Éric Ciotti, representing the Union of Rights for the Republic, proposed an ambitious plan on October 28th. It involves acquiring 420,000 Bitcoins over seven to eight years. This monumental move seeks to utilize France’s surplus nuclear and hydropower, along with nationally seized crypto assets.

Funding mechanisms involve repurposing energy revenue and encouraging daily Bitcoin purchases through savings accounts. If the bill passes, France will pioneer the integration of Bitcoin into state reserves, an unprecedented step in Europe.

“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 push to use nuclear energy for Bitcoin mining to anchor national reserves reflects innovative applications of surplus power to leverage digital economics.

Bitcoin (BTC) values at $114,793.37, with a market capitalization of formatted data at 2,289,112,108,008.00. BTC’s market dominance stands at 59.07%, with a circulating supply nearing 19,941,153 tokens, as per CoinMarketCap data as of October 28, 2025. Despite a 0.27% dip in the last 24 hours, the asset reports a 5.68% gain over seven days.

Coincu research insights emphasize a potential shift in European regulatory frameworks. The move toward strategic crypto integration aligns with global trends of diversifying reserves to include digital assets. Such policy adoption could enhance financial stability and spur innovation if enacted.