14h05 ▪
4
min read ▪ by
Donald Trump, current American president, has continuously praised on social media the merits of a strategic reserve in bitcoin. This idea of a state digital safe now resonates in Ukraine, a country receiving aid and donations from around the world. As the war rages on, Kyiv is considering formalizing a BTC reserve. But this ambition raises as many hopes as questions. Is Ukraine awakening to crypto as a new economic and strategic weapon?
In brief
- Ukraine holds 46,351 BTC, valued at nearly 4.8 billion dollars.
- A bill creates a crypto reserve, soon to be submitted to parliament.
- Binance supports the project but warns legislation will take time.
- Donations and seizures feed the reserve, symbolizing an innovative economic strategy.
Ukraine: the awakening of a strategic Bitcoin reserve
Ukraine is among the largest state holders of bitcoin. According to BitcoinTreasuries, its government wallets hold approximately 46,351 BTC, worth nearly 4.8 billion dollars. This reserve mainly comes from massive donations, seizures, and fundraising.
Yaroslav Zhelezniak, deputy and vice-chair of the finance committee at the Rada, confirms that “the bill is in the finalization phase and will soon be submitted to Parliament“. He had already mentioned the idea of a crypto reserve in February 2025 without revealing details.
Furthermore, Binance actively supports this initiative, while emphasizing that “creating such a reserve will require significant legislative changes“. Ukraine is thus positioning itself as an emerging player in crypto regulation, where the creation of a national bitcoin reserve symbolizes an innovative economic strategy.
The legislative and political stakes of the crypto reserve
The legislative path remains difficult. Although the Rada approved a virtual assets bill at the end of April, this text was withdrawn under pressure from the presidential office and the National Securities Commission. However, the latter specified it was not responsible for the blockage while proposing 80 amendments to improve the legal framework.
The Ukrainian approach illustrates the political complexity around crypto, balancing innovation desire and institutional caution. Kirill Khomyakov, Binance regional head, insists this initiative should “lead to greater clarity in the regulation of crypto assets in Ukraine“.
Thus, adopting a bitcoin reserve is not only an economic issue but also a political battle to structure crypto sector governance in a country in crisis.
Crypto and numbers: increasing interest in the State reserve
Interest in the bitcoin reserve now goes beyond Ukrainian borders. In the United States, Donald Trump signed an executive order in March 2025 to establish a federal strategic bitcoin reserve. This reserve will collect BTC seized in judicial cases and explore other acquisitions.
Here are some key figures to remember about Ukraine:
- Ukraine controls around 46,351 BTC, valued at 4.8 billion dollars;
- Since the Russian invasion, pro-Ukrainian crypto donations exceed 212 million dollars;
- A separate fund, launched by the Kuna exchange platform and the Ministry of Digital Transformation, has raised over 100 million dollars.
- 1.2 million dollars in USDT and 6.9 BTC have been seized in corruption cases;
- The Ukrainian Commission submitted 80 amendments to refine the crypto law.
These figures reflect a real interest in state crypto reserves. Furthermore, they testify to the rapid evolution of a crypto sector mixing finance, politics, and sovereignty.
The idea of a state bitcoin reserve appeals to some countries, but others, like Switzerland or the United Kingdom, remain reluctant. These governments fear the volatility of crypto assets and regulatory risks. They consider this approach immature and possibly disruptive to monetary policy. Furthermore, technological challenges and digital asset security slow their adoption. Thus, the creation of a BTC reserve is not a universally validated concept but an emerging trend mainly driven by countries seeking innovation and economic diversification.
Maximize your Cointribune experience with our “Read to Earn” program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
