Overview

• Finance Minister Gilles Roth disclosed the allocation during the 2026 Budget presentation at the Chambre des Députés.
• Exposure was taken through a selection of Bitcoin ETFs to avoid custody and operational complexities, according to the Finance Agency.
• FSIL, created in 2014, holds a modest portfolio largely in high-quality bonds and since July 2025 may allocate up to 15% to alternatives including crypto, private equity and real estate.
• Officials framed the move as measured and mission-aligned, saying a 1% slice balances prudence with conviction and signals digital-finance leadership.
• Most European government bitcoin holdings come from criminal seizures, whereas Georgia is cited as holding 66 BTC for investment outside the Eurozone.