Luxembourg Invests 1% of Sovereign Wealth Fund in Bitcoin

Luxembourg is breaking new ground by allocating a portion of its Intergenerational Sovereign Wealth Fund to Bitcoin. This innovative move, representing around US$9 million, positions the country as a leader in European digital asset adoption. The strategic investment reflects Luxembourg’s commitment to exploring the potential of cryptocurrencies within its financial framework. 1% allocation is a significant signal and marks a major step for the country.