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Benzinga
Benzinga
Business
Parshwa Turakhiya

Luxembourg Invests In Bitcoin, Allocates 1% Of Sovereign Wealth Fund Portfolio

Bitcoin Luxembourg Finance Ministry of Finance
Bitcoin,And,Luxembourg,Two,Flags,On,Flagpoles,And,Blue,Sky

Luxembourg's Ministry of Finance confirmed that its Intergenerational Sovereign Wealth Fund (FSIL) has allocated 1% of its portfolio to Bitcoin (CRYPTO: BTC), marking the nation's first official exposure to the asset class. 

The move comes as Bitcoin consolidates above $121,000, testing a key resistance level for the fourth time this quarter.

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