The Czech National Bank expands its exposure to digital assets with an investment in the leading American exchange.
The Czech National Bank (CNB) invested $18.1 million in Coinbase shares during the second quarter of 2025.
In a 13F filing with the U.S. Securities and Exchange Commission, the CNB disclosed the purchase of 51,732 shares of Coinbase Global. The value of the investment has already shown positive growth, rising from $18.1 million at the end of June to approximately $20 million as of July 11th, based on closing prices. Last May, Coinbase became the first crypto company to join the S&P 500 index.
The CNB’s decision to invest in Coinbase is part of a broader strategy to diversify its foreign currency reserves. Last January, the central bank had already approved a proposal to explore investments in additional asset classes, specifically including Bitcoin among the options under consideration.
CNB Governor Aleš Michl had stated in an interview with the Financial Times his intention to diversify the central bank’s reserves. The institution could potentially allocate up to 5% of its €140 billion ($163.5 billion) reserves into Bitcoin, subject to approval by the governing board.
