Particle.news
Download on the App Store
5 ARTICLES
·
3w ago

Luxembourg’s Sovereign Wealth Fund Puts 1% Into Bitcoin, Finance Chief Confirms

The finance minister cast the move as a long-term play to bolster Luxembourg’s financial competitiveness.

Luxembourg finance minister says state fund allocates 1% of its assets only to Bitcoin
Image

Overview

  • Finance Minister Gilles Roth said the Intergenerational Sovereign Wealth Fund has executed a Bitcoin-only allocation despite being permitted to invest in other crypto assets.
  • Multiple outlets report the 1% stake equates to about €7 million, reflecting a small but deliberate position.
  • Roth framed the investment as a long-horizon policy choice tied to innovation and Europe’s ability to compete in global finance.
  • Coverage describes FSIL as the first European sovereign wealth fund to hold Bitcoin, and officials suggest other countries could follow.
  • The decision builds on Luxembourg’s digital-asset infrastructure under MiCA, including early regulation of Bitstamp and Coinbase establishing its EU hub in the country.