The new national sovereign wealth fund is aimed at "nation-building" projects, while crypto market participants focused on whether Ottawa could eventually add Bitcoin to public reserves.
Canada’s new government is launching the C$25 billion Canada Strong Fund, a national sovereign wealth fund intended to support what it describes as "nation-building" projects. The source does not say the fund will buy Bitcoin, but the announcement quickly sparked discussion in crypto circles about whether Ottawa could eventually hold Bitcoin as a reserve asset. Sovereign wealth funds are typically state-owned investment vehicles used to deploy public capital over the long term, and any move into digital assets would represent a significant policy shift rather than a standard funding decision.