France Unveils Plan to Acquire Bitcoin Reserves

France is taking a bold step toward incorporating digital assets into its financial strategy. A new bill introduced by legislator Éric Ciotti, in collaboration with the center-right political party UDR, proposes acquiring approximately 420,000 bitcoins over the next seven to eight years. This represents about 2% of the total bitcoin supply and would make France the first European nation to adopt Bitcoin as part of its national reserves. The proposal outlines several funding strategies: leveraging surplus revenue from nuclear and hydroelectric power for mining operations, liquidating confiscated cryptocurrency holdings, and directing savings account funds towards daily bitcoin purchases.