It became the first country in the eurozone to invest in bitcoin. This move was led by Finance Minister Gilles Roth. The decision showed a new direction in how governments may think about digital money.
The government decided to invest one percent of its sovereign wealth fund into bitcoin. The total fund is worth about seven hundred forty five million euros. This means a small but serious part of national savings is now held in bitcoin. Roth shared this news while speaking before parliament in October. He explained that the move was planned and careful. It was not a short term gamble.
Luxembourg has a strong history in finance. It is known for being open to new ideas and modern systems. By choosing bitcoin the country showed that it wants to stay ahead. A public and private finance group supported the decision. This group is led by Roth and works to grow the country role in global finance.
About one month later Roth spoke at a major bitcoin event in Amsterdam. There he made the government position very clear. Luxembourg is only investing in bitcoin. There are no plans to buy other digital assets. Roth said bitcoin stands apart from all others. He believes it is the strongest option for long term value.
Roth told the audience that Luxembourg is in this for the long run. He said the country is not trading or chasing fast gains. Instead it plans to hold bitcoin over time. He used the word HODL to explain this idea. This term is popular in the bitcoin world and means to keep holding no matter what.
He also said that the world is still early in the bitcoin journey. According to Roth many governments are watching closely. He believes more countries will follow the same path in the future. Luxembourg wants to lead by example and show that bitcoin can be part of a national strategy.
This decision did not come from hype. It came from careful thinking and planning. The government looked at global trends and future needs. Bitcoin was seen as a hedge and a store of value. It also fits with Luxembourg image as a forward thinking financial center.
The move has gained attention around the world. Many see it as a sign that bitcoin is becoming more accepted. When a government takes such a step it sends a strong message. It shows trust and belief in the technology.
Luxembourg choice may influence others in Europe. While the investment is small it is symbolic. It shows courage and vision. By taking this step Luxembourg has placed itself at the front of a new financial era.
