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 nation's Ministry of Finance revised the fund's mission to "create savings whose income can be used, under certain conditions and within certain limits, to contribute to the well-being of future generations."
- Alternative assets comprise up to 15% of the fund
- Includes private equity, real estate, and 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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