Czech National Bank Enters Crypto Sector with $18M Coinbase Investment

The Czech National Bank (CNB) has entered the crypto sector with a $18 million investment in Coinbase, purchasing 51,732 shares in Q2 2025, according to a U.S. SEC filing.

This marks the bank’s first direct exposure to a crypto-native company and aligns with its broader strategy of holding S&P 500 equities.

Coinbase, the largest U.S. crypto exchange and sole crypto firm in the S&P 500, gives the CNB indirect exposure to the fast-growing digital asset industry. The central bank’s U.S. equity portfolio now totals $12.8 billion.

Governor Aleš Michl has previously suggested Bitcoin could be considered for national reserves, citing its zero correlation to bonds. Though no direct BTC purchase has been confirmed, Michl continues to advocate studying blockchain technology and Bitcoin’s long-term potential.

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Industry analysts, including Tomas Greif of Braiins Mining, note the CNB now indirectly holds Bitcoin exposure via Coinbase and Tesla. He added that this could increase further if MicroStrategy joins the S&P 500.

The CNB’s move is seen as a cautious but significant step, signaling growing institutional interest in crypto assets and potentially setting a precedent for other Western central banks exploring digital asset integration.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.