đź’° What Are Bitcoin Millionaires Investing In?

Plus, Luxembourg is the latest country to buy Bitcoin

Author

Ivan
October 09, 2025

Happy Thursday!

Bitcoin minted 70,000 new millionaires over the past year with its massive run: here’s what else those people are buying with their profits.

Luxembourg has become the latest country to buy Bitcoin: it has allocated 1% of its sovereign wealth fund portfolio to the crypto king.

Plus, check out Benzinga Pro to get market-moving headlines 5-15 minutes before mainstream sources, and much more.

TOP STORY

The latest crypto rally has minted 70,000 new millionaires in the past year, according to CNBC Wealth Editor Robert Frank, who says the surge in Bitcoin and AI-driven tech is creating a “new class of wealth” unlike any previous financial cycle.

Speaking on CNBC’s Squawk Box, Frank said there are now 240,000 people worldwide with crypto holdings worth at least $1 million, based on data from Henley & Partners and New World Wealth. 

That number includes 450 centimillionaires (those holding $100 million or more in cryptocurrency) and 36 billionaires.

The total cryptocurrency market capitalization has grown by over $2 trillion in the past year, largely driven by Bitcoin’s rally, which has more than doubled in value.

So what else are they buying?

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are wobbling, with altcoins in particular giving back most of their gains from the past week: here’s what’s driving the market today.

Dogecoin and Shiba Inu may soon play second fiddle to another dog-based meme: here’s why BONK could explode 400% higher.

XRP and Solana are not doing great, despite Bitcoin making new highs this month — and now they’re facing a big slide with Bitcoin consolidating its gains.

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FINTECH FOCUS

Luxembourg’s Ministry of Finance confirmed that its Intergenerational Sovereign Wealth Fund has allocated 1% of its portfolio to Bitcoin, 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.

During his 2026 budget presentation at the Chambre des DĂ©putĂ©s, Finance Minister Gilles Roth announced that Luxembourg had diversified into Bitcoin via its sovereign wealth fund as part of a new investment policy approved in July. 

The update allows the fund to allocate up to 15% of total assets to alternative investments, with 1% having been allocated to Bitcoin.

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