In the second quarter, the Czech National Bank revised its US investment portfolio by increasing its holdings in Palantir Technologies and starting a new position in Coinbase Global, as revealed in a Form 13F filing with the SEC. The bank acquired 51,732 shares of Coinbase, valued at over $18 million, and added 49,135 shares of Palantir, totaling 519,950 shares by June's end. Palantir's stock surged 80% in the first half of 2025, significantly outperforming the S&P 500's 5.5% gain, driven by strong earnings and rising interest in AI. Coinbase, which joined the S&P 500 in May, saw its stock rise 41% in the first half of 2025 and an additional 10% shortly after. However, its total revenue fell 10% to $2 billion in Q1, with a 95% drop in net income to $66 million due to a significant paper loss on crypto holdings. Despite challenges, Coinbase is expanding its market share through acquisitions. Read more AI-generated news on: https://app.chaingpt.org/news

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