Led by Finance Minister Gilles Rose, Luxembourg became the first country among the 20 euro zone members to invest in Bitcoin in the second half of 2025.
This feature is part of CoinDesk The Most Influential List of 2025.
Speaking in parliament in October, Ross said he had allocated 1% of the country’s 745 million euro ($865 million) sovereign wealth fund to Bitcoin.
“By becoming the first euro area government to invest part of its reserves in Bitcoin, Luxembourg once again demonstrates its commitment to supporting emerging and future-oriented investment trends,” said Finance Luxembourg, a public-private partnership chaired by Ross.
About a month later, Ross told the Bitcoin Amsterdam conference that his country had no intention of expanding its cryptocurrency investments beyond Bitcoin.
“As [Strategy Chairman] Michelle Thaler once said, there’s no second best,” Ross told attendees. “We’re in this for the long haul. “
“Let me be clear,” he added. “Luxembourg is a long-term hold. We’re still very early. I’m sure others will follow our lead soon.”