Oh sure, central banks buying Coinbase—because Bitcoin is sooo risky 🙃

The Czech National Bank quietly scooped up 51,732 shares of Coinbase in Q2 2025—tied to its S&P 500 index strategy—as Bitcoin continues to smash records and Coinbase stock surged ~41% H1, then +10% more in Q3.

Now Governor Aleš Michl is flirting with a bold idea: allocate up to 5% of its €140 billion reserves (~€7 billion) into Bitcoin to diversify beyond gold and bonds—despite the ECB and some CNB members dismissing BTC as too “volatile” or legally tricky. He’s basically saying: “Yes, it might crash to zero—or go stratospheric—but maybe worth the swing?”

This isn’t just a headline—it could mark a watershed moment if central banks take crypto exposure seriously. That’s billion-dollar buy-in territory, not pocket change. And yes, it’s hilarious that we’re here: central banks may soon be bigger crypto players than your average hedge fund.