Luxembourg Has Invested In Bitcoin For Future Generations
3- 9.10.2025, 18:22
- 2,082
The country became the first in the eurozone to invest in cryptocurrency.
The intergenerational sovereign wealth fund of Luxembourg (Fonds souverain intergénérationnel du Luxembourg, FSIL) invested 1% of its assets in bitcoin, Coindesk reports. This was announced by the Minister of Finance of Luxembourg Gilles Roth during the presentation of the budget for 2026 in the Chamber of Deputies.
It is noted that thus Luxembourg became the first state in the eurozone, which invested in bitcoin. Finland also owns bitcoins, but these assets were obtained as a result of confiscations.
To avoid operational risks, bitcoin investments are made through a number of spot exchange-traded funds (ETFs), the head of public relations at the Luxembourg Financial Agency Jonathan Westhead told reporters. He said these investments are a recognition of the growing maturity of the cryptocurrency asset class.
"Some may argue that we are getting involved too late; others will point to the volatility and speculative nature of the investments. However, given FSIL's specific nature and mission, the fund's board has concluded that a 1% stake provides the right balance while at the same time sending a clear signal about bitcoin's long-term potential. Clearly, what is right for FSIL may not be right for other investors," Westhead said.
FSIL was created in 2014 with the goal of building a reserve that can be used to "promote the well-being of future generations." In total, the fund has $730 million in assets, according to reporters.
Most of that is invested in bonds and stocks, with FSIL authorized to invest 1% in cryptocurrency starting in 2025.
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