France proposes bill for a strategic BTC reserve targeting 2% of Bitcoin’s total supply

AI Market Summary
France's parliament has introduced a bill proposing a sovereign strategic BTC reserve targeting purchases equal to 2% of total Bitcoin supply (~420,000 BTC). If advanced, it would be the first G7 legislative effort to assign Bitcoin explicit national-asset status, strengthening the macro store-of-value narrative and expectations of structural long-horizon demand. The proposal is early-stage with unspecified funding and timing, limiting immediate implementation clarity.
Impact level
● High
Affected assets
BTC/USDT+0.54%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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In July 2026, France’s parliament introduced a strategic Bitcoin reserve bill that would use public funds to purchase BTC equal to 2% of Bitcoin’s total supply, or about 420,000 coins. If passed, the proposal would become the first sovereign-level BTC reserve plan advanced through legislation by a G7 country and would formally classify BTC as a national asset. The bill is at an initial review stage and does not set an implementation timetable or detail funding sources, though it has entered the formal legislative process. The proposal does not change the existing crypto regulatory framework and focuses solely on BTC, with no mention of exchanges, stablecoins, or smart contracts.