based on materials from the site - By Cointelegraph

The Czech National Bank adjusted its investment portfolio in the US in the second quarter, increasing its stake in Palantir Technologies and opening a new position in the cryptocurrency exchange Coinbase Global.

These changes were disclosed in Form 13F, which is a quarterly report submitted by investment managers to the U.S. Securities and Exchange Commission, revealing their assets in U.S. equities.

The document states that the bank added 51,732 shares of Coinbase worth over $18 million. The Czech National Bank also added 49,135 shares of Palantir in the second quarter of the year, bringing the total number of shares to 519,950 by the end of June.

Palantir's shares, a data analytics company, rose by 80% in the first half of 2025, outperforming the S&P 500 index rise by 5.5%. The company benefited from strong financial reports and growing investor interest in artificial intelligence.

Coinbase became the first cryptocurrency company to enter the S&P 500 index in May. The S&P 500 is a stock market index that tracks the performance of 500 of the largest publicly traded companies in the US and reflects the overall level of the American stock market.
The company's shares increased by 41% in the first half of 2025 and added another 10% in the following weeks. According to Google Finance data, the exchange's shares also rose by about 60% in the last month.

Meanwhile, Coinbase's total revenue in the first quarter fell by 10% compared to the previous quarter to $2 billion, not meeting industry expectations due to a slowdown in trading activity in the market. The company's net profit fell by 95% to $66 million, mainly due to a loss of $596 million on its cryptocurrency assets. Revenue from transactions also decreased by 18.9% to $1.26 billion, and trading volume fell by 10.5% to $393 billion, reflecting a contraction in the cryptocurrency market, partly due to tariffs imposed during the Trump administration. Despite this, earnings per share of $1.94 exceeded analysts' forecasts.

Coinbase is expanding its share in the spot trading and derivatives trading market through new acquisitions. In May, the company announced an agreement to acquire the cryptocurrency options trading platform Deribit for $2.9 billion.
Earlier this month, the company acquired Liquifi, a token management platform specializing in early-stage tokenization projects. This move expands Coinbase's capabilities in managing token cap tables, vesting, and compliance, allowing it to support token creators in the early stages of their development.


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