-
Czech National Bank acquired 51,732 shares of Coinbase in Q2
-
Purchase worth $18.1M, now valued near $20M
-
Part of a broader effort to diversify reserves into crypto exposure
-
Bank may allocate up to 5% of reserves to Bitcoin
A New Kind of Reserve Diversification
The Czech National Bank (CNB) has taken a notable step toward crypto adoption by purchasing $18.1 million worth of Coinbase shares in Q2. The move marks the bank’s first foray into crypto-linked equities.
This development follows a January announcement that the CNB is exploring ways to allocate up to 5% of its reserves into crypto assets, including Bitcoin.
Crypto-Forward Central Banking
The Coinbase shares were purchased between April and June and are now worth around $20 million. CNB Governor Aleš Michl previously emphasized the importance of diversifying reserves, and the Coinbase stake reflects growing institutional confidence in crypto as part of mainstream finance.
