Ukraine is considering formalizing a strategic Bitcoin reserve, following the lead of figures like Donald Trump, who has advocated for a similar reserve in the United States. This initiative comes as Ukraine receives substantial aid and donations globally, prompting consideration of crypto as a novel economic and strategic instrument. The country currently holds 46,351 BTC, valued at nearly $4.8 billion, primarily acquired through donations, seizures, and fundraising.

A bill to create this crypto reserve is in its final stages and will soon be submitted to Parliament, according to Yaroslav Zhelezniak, deputy and vice-chair of the finance committee at the Rada. Binance is providing support for this project, while also cautioning that substantial legislative changes will be necessary for its implementation. This move positions Ukraine as an emerging player in crypto regulation, with the national bitcoin reserve symbolizing an innovative economic strategy.

The legislative path forward is complex. Although the Rada had previously approved a virtual assets bill, it was later withdrawn due to pressure from the presidential office and the National Securities Commission. The commission has proposed 80 amendments to improve the legal framework. Kirill Khomyakov, Binance regional head, emphasizes that this initiative should bring greater clarity to the regulation of crypto assets in Ukraine. The adoption of a bitcoin reserve involves not only economic considerations but also a political effort to structure the governance of the crypto sector in the country.

Interest in the bitcoin reserve extends beyond Ukraine. In the United States, Donald Trump signed an executive order in March 2025 to establish a federal strategic bitcoin reserve, which will collect BTC seized in judicial cases and explore other acquisitions. Key figures related to Ukraine's crypto activities include:

• Ukraine controlling approximately 46,351 BTC, valued at $4.8 billion.
• Pro-Ukrainian crypto donations exceeding $212 million since the Russian invasion.
• A separate fund, launched by the Kuna exchange platform and the Ministry of Digital Transformation, raising over $100 million.
• Seizure of $1.2 million in USDT and 6.9 BTC in corruption cases.
• The Ukrainian Commission submitting 80 amendments to refine the crypto law.

These figures highlight the growing interest in state crypto reserves and the rapid evolution of a sector that combines finance, politics, and sovereignty. While some countries are drawn to the idea of a state bitcoin reserve, others like Switzerland and the United Kingdom remain hesitant due to concerns about the volatility of crypto assets, regulatory risks, technological challenges, and the potential disruption to monetary policy. Consequently, the creation of a BTC reserve is an emerging trend primarily driven by countries seeking innovation and economic diversification.