Today, Paperjam published something extraordinary:
A full-throated call for Luxembourg to establish a Bitcoin strategic reserve, authored by Mark Tluszcz, CEO of Mangrove Capital and Chairman of Wix.
What he lays out is a concrete, professional, fiscally sound plan for securing Luxembourg’s economic sovereignty in a digital monetary future.
Let’s break it down:
Why Bitcoin now?
- Over 2,600 institutions hold 14% of Bitcoin’s supply
- Institutional BTC holdings could reach 45% in 24 months
- $158B in U.S. Bitcoin ETFs and 150 public companies already holding BTC in treasury
- Bitcoin outperformed every asset class over the past decade and it's still early
Why Luxembourg?
- We have €1 billion in seized/confiscated assets via the BGA
- Our gold reserves = €230M. Replicating that in BTC = 2,000 BTC = doable
- We have a strong debt/GDP ratio, a world-class finance sector, and credibility to act
- We're home to the first MiCA license for Coinbase in the EU. Yes, we did that.
Why Bitcoin as a reserve?
- Decentralized → No central bank can print it away
- Scarce → 21M coins. Period.
- Liquid → Global, 24/7, fast
- Transparent → Every sat is auditable
- Uncorrelated → A true hedge against fiat fragility
And what’s the roadmap?
Start with 2,000 BTC via:
- BGA funds
- Partial asset reallocation
- Strategic sovereign borrowing
- Expand to 1% of GDP over 2–3 years
- Use dollar-cost averaging and Luxembourg’s custody expertise to manage volatility
- Show global leadership before others catch up
So, let’s say it out loud:
We’ve been talking about this for months.
When we launched the Orange Heart Initiative, it was considered “fringe.”
Now, one of the most respected voices in Luxembourg business is saying the same thing.
Sometimes, the future looks like a long shot, until it doesn’t. 🧡
It’s no longer about “if.” It’s about “who gets there first.”
Luxembourg is small, fast, and smart.
Let’s act like it. Let’s go orange. 🧡
We’re ready to contribute.
Ready to help the government structure the plan.
Ready to work with public institutions.
Ready to ensure this is done responsibly and openly.
Because this is good governance.
This is the future of reserves.
And the future… wears an Orange Heart. 🧡
