Luxembourg’s finance minister says state fund allocates its assets only to Bitcoin

Luxembourg Finance Minister Gilles Roth confirmed that the country’s Intergenerational Sovereign Wealth Fund (FSIL) has allocated 1% of its portfolio solely to Bitcoin, despite having the option to invest in other crypto assets. Roth cited the sentiment that "there is no second best" for long-term holding. This move positions Luxembourg as the first European nation to invest state funds in Bitcoin, aligning with a strategy to integrate traditional finance with blockchain innovation. Roth emphasized that digital assets, particularly Bitcoin, are crucial for Europe's future competitiveness, describing Bitcoin as a system that "never shuts down." Luxembourg is a major financial hub, managing significant cross-border investment assets, and has actively supported the crypto industry by regulating the first European exchange (Bitstamp) and hosting major firms like Coinbase under the new MiCA regulation.

(Source：Crypto Briefing)