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Luxembourg makes historic 1% Bitcoin allocation in Eurozone first for sovereign wealth fund
The Luxembourg Intergenerational Sovereign Wealth Fund has established a significant financial precedent by becoming the first state-level investment vehicle within the Eurozone to allocate capital to Bitcoin. The fund has designated 1% of its total holdings toward Bitcoin exchange-traded funds, representing approximately $9 million of its €764 million portfolio. Bob Kieffer, Director of the Treasury and Secretary General, confirmed the strategic move through an official LinkedIn announcement, noting that Finance Minister Gilles Roth had previously disclosed the decision during parliamentary budget proceedings. The ... (full story)
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