On June 22, it was reported that French Member of the European Parliament Sarah Knafo has invited Jan3 founder Samson Mow to visit France to jointly explore plans for establishing a "strategic Bitcoin reserve" for the country and promoting crypto-friendly regulation. Mow expressed his anticipation for sparking a "nationwide wave of Bitcoin adoption" in France and across Europe. This move comes amid growing Bitcoin engagement in both the public and private sectors in France, including the state-owned bank Bpifrance announcing a $27 million investment to support local crypto projects, and Blockchain Group, Europe’s first Bitcoin treasury company, increasing its Bitcoin holdings to 1,471 BTC.