Michl’s remarks are a new reflection of the bank’s growing interest in cryptocurrencies.

Gaining Experience Through Bitcoin Practice: What Happened Before?

The Czech National Bank officially announced last year that it had purchased 1 million dollars’ worth of Bitcoin and other blockchain-based digital assets. While most of the portfolio consisted of Bitcoin, it also included dollar-based stablecoins and tokenized deposits. All purchases were made through a regulated exchange.

The bank stated that this step was taken to “gain practical experience” and “test digital asset processes.” The purchased assets were kept entirely separate from international reserves and were not actively expanded. The goal was to test key management, multi-level approval mechanisms, crisis scenarios, security protocols, and anti-money-laundering procedures in a real environment.

At the time, Governor Michl mentioned that in the future “it may be possible to buy an espresso with one tap and, with another, purchase Czech bonds or other investment instruments,” adding that the central bank wanted to be prepared for this direction.

What Has Changed Today?

The latest statement is a continuation of that test portfolio. Michl’s comparison to gold and emphasis on low correlation show that the bank now sees Bitcoin not only as a technical experiment but also as a potential portfolio diversifier.

The European Central Bank still takes a cold stance toward Bitcoin becoming a reserve asset, but the Czech National Bank continues to operate within its own legal framework. The test portfolio’s value fluctuates over time, and the bank can add new types of assets when needed.

In short, the Czech National Bank is quietly but steadily accumulating experience in the crypto world. The 1-million-dollar initial step is still active today, and with the Governor’s latest remarks, it is clear that the outlook on Bitcoin has evolved in a more positive direction.

Among European central banks, very few institutions have taken such clear and concrete steps. The Czech Republic continues to be one of the pioneers in this regard.

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A Strategic Entry Into Crypto

In Q2 2025, the Czech National Bank adjusted its U.S. investment portfolio by making a notable move: it purchased over $18 million worth of Coinbase shares, marking its first direct exposure to the crypto industry.

According to a recent 13F filing submitted to the U.S. Securities and Exchange Commission, the bank acquired 51,732 Coinbase shares. In addition, it expanded its holdings in data analytics firm Palantir by buying 49,135 more shares, bringing its total to 519,950.

This strategic allocation reflects growing interest in both Nasdaq-listed tech firms and the broader potential of blockchain-based platforms.

Coinbase Joins the S&P 500

In May 2025, Coinbase made headlines by becoming the first crypto-native company to join the S&P 500, a landmark moment signaling institutional trust in the digital asset sector.

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The stock soared 41% in the first half of the year, followed by another 10% gain in subsequent weeks. Over the past month, Coinbase shares surged approximately 60%, according to Google Finance data.

Revenue Drop Doesn’t Stop Growth

Despite a 10% quarter-over-quarter revenue drop to $2 billion and a 95% plunge in net income due to a $596 million paper loss, the company still beat analyst expectations with earnings per share of $1.94.

Coinbase continues expanding, recently announcing the $2.9 billion acquisition of crypto options platform Deribit. Earlier this month, it also acquired Liquifi, a token management solution, reinforcing its dominance across both trading and token infrastructure services.

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The post Czech Central Bank Buys Into Coinbase, Signals Crypto Confidence appeared first on Coin Engineer.

Czech National Bank Seeks to Strengthen Its Reserves

The Czech National Bank President has revealed plans to propose a Bitcoin BTC investment strategy to the board. If approved, the bank could allocate 5% of its 140 billion euro reserves to Bitcoin BTC, translating to an investment of approximately 7 billion euros. The decision to consider Bitcoin BTC as a reserve asset marks a major shift in the global financial landscape, potentially paving the way for further institutional adoption.

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Institutional Demand Rises, Markets React

With Metaplanet’s aggressive acquisition strategy and the Czech National Bank’s potential investment, the market is expected to experience significant volatility. The growing acceptance of Bitcoin BTC in traditional finance is drawing increased investor interest. As Bitcoin BTC is widely seen as a hedge against inflation, rising institutional demand could lead to further price fluctuations.

More financial institutions and central banks are beginning to view Bitcoin BTC as a safe investment asset. These developments signal a fundamental shift in traditional financial thinking. The possibility of Bitcoin BTC being recognized as a reserve currency may attract more governmental and large-scale investors in the near future.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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