The Czech central bank entered the crypto market by buying $18.1 million Coinbase shares in Q2, showing new interest in digital assets.
CNB increases US exposure with Coinbase and Palantir investments as both stocks rise sharply in early 2025.
Coinbase joins S&P 500 in May and expands reach through major acquisitions and growing investor support.
The Czech National Bank (CNB) has revealed a significant move in its U.S. investment portfolio. In its latest filing with the U.S. Securities and Exchange Commission, the CNB disclosed a new position in Coinbase Global. The central bank acquired 51,732 shares worth $18.1 million during the second quarter of 2025.
https://twitter.com/Cointelegraph/status/1944513556373713281
This marked its first recorded investment in crypto-related equity. The shares have since gained value, reaching nearly $20 million as of recent trading sessions.
Shift Toward Crypto Exposure and Tech Holdings
The CNB’s investment reflects growing interest in cryptocurrency-related assets among traditional financial institutions. Earlier in 2025, CNB Governor Aleš Michl signaled plans to expand into digital assets. He proposed allocating a portion of the bank’s €140 billion reserves to crypto. The recent Coinbase investment aligns with that goal.
The bank also increased its position in Palantir Technologies. It added 49,135 more shares in the data analytics company, bringing its total to nearly 520,000 shares. Palantir stock gained 80% in the first half of 2025, driven by strong AI sector performance.
Coinbase Stock Rises Despite Revenue Pressure
Coinbase shares have rebounded sharply in 2025. The stock rose over 51% in the first half of the year. Following its inclusion in the S&P 500 index in May, the company gained more institutional support. Though Coinbase faced a difficult first quarter, its earnings per share exceeded analyst expectations.
The firm reported a 10% decline in total revenue, reaching $2 billion. Net income dropped 95% due to a $596 million paper loss in crypto holdings. Trading volume fell 10.5%, and transaction revenue declined nearly 19%. However, investors remained optimistic due to the company's market expansion.
Expansion Efforts and Global Licensing Push
Coinbase has pursued strategic acquisitions to boost its offerings. In May, the company agreed to acquire Deribit for $2.9 billion. This deal expanded its presence in the crypto derivatives space. More recently, Coinbase acquired Liquifi, a token management platform. This move enhanced its capabilities in compliance and tokenization support.
The exchange also secured licensing under the EU’s MiCA framework. It plans to establish its European headquarters in Luxembourg. Coinbase is currently seeking approval to offer tokenized equities, which could position it as a competitor to Robinhood and WeBull.