Luxembourg Sovereign Wealth Fund Invests in Bitcoin
Luxembourg's intergenerational sovereign wealth fund (FSIL) has started accumulating Bitcoin (BTC), becoming the first European nation to allocate funds to crypto.
The Ministry of Finance states that the sovereign fund's mission is to "create savings whose income can be used, under certain conditions and within certain limits, to contribute to the well-being of future generations."
- The fund includes a category of "alternative assets" (up to 15%)
- Alternative assets include:
- Private equity (technology and defense sectors)
- Real estate
- Crypto assets, particularly Bitcoin
The fund's mission is to "create savings whose income can be used, under certain conditions and within certain limits, to contribute to the well-being of future generations."
Author's summary: Luxembourg invests in Bitcoin through its sovereign wealth fund.
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