The Czech National Bank (CNB) has marked a significant milestone in its investment strategy by acquiring $18.1 million worth of shares in Coinbase during the second quarter of 2025.
Key highlights of this transaction include:
- The CNB purchased $18.1 million in Coinbase shares, representing its inaugural entry into the cryptocurrency market.
- This acquisition is part of the CNB’s broader strategy to diversify its reserves and enhance its exposure to digital assets.
- Coinbase’s stock has experienced an impressive 56% increase year-to-date, buoyed by favorable market trends and strategic growth initiatives.
Details from a recent Form 13F submitted to the U.S. Securities and Exchange Commission reveal that the central bank acquired 51,732 shares of Coinbase Global, its first publicly announced stake in the prominent crypto exchange.
As of the close of June, these shares were valued at $18.1 million and have appreciated to nearly $20 million based on recent market prices.
Czech Central Bank Welcomes Digital Assets to Broaden Its Holdings
This decision illustrates the CNB’s increasing willingness to engage with digital assets, underlining its goal to diversify its reserve portfolio.
Earlier this year, CNB Governor Aleš Michl indicated a potential interest in expanding the bank’s holdings to include Bitcoin and other cryptocurrencies.
In an interview with the Financial Times, Michl noted that the CNB might allocate as much as 5% of its €140 billion ($163.5 billion) reserves to Bitcoin, subject to board approval.
The recent acquisition of Coinbase shares aligns with the CNB’s ongoing initiative to integrate cryptocurrency assets into its traditional financial framework.
Coinbase, which made headlines by becoming the first crypto entity to join the S&P 500 index in May 2025, has seen significant stock growth this year.
The company faced a rocky start in 2025, reporting a 10% decline in revenue and a staggering 95% drop in net income, attributed to a $596 million decline in the value of its cryptocurrency holdings; however, its shares have shown resilience.
The Czech National Bank added 51,732 shares of Coinbase (COIN) in Q2 2025, worth over $18M, marking its first position in the crypto exchange.
It also increased its stake in Palantir (PLTR) by 49,135 shares, now holding 519,950 total. pic.twitter.com/gx9be2eToa
— Satoshi Club (@esatoshiclub) July 13, 2025
Year-to-date, Coinbase’s stock has risen nearly 56%, driven by robust momentum in the cryptocurrency markets and the company’s proactive expansion strategies.
In recent months, Coinbase has proactively enhanced its market footprint, recently announcing a $2.9 billion acquisition of Deribit, a prominent crypto derivatives platform.
Furthermore, Coinbase acquired Liquifi, a token management platform that enhances its offerings in token cap table management, vesting, and regulatory compliance.
Recognition for Coinbase as a Market Leader
TIME has honored Coinbase as one of the 100 Most Influential Companies of 2025, referring to the exchange as a “disruptor” for its pivotal influence on U.S. digital asset policies and market dynamics.
This recognition underscores Coinbase’s active advocacy efforts in Washington and its growing significance in the crypto landscape.
Coinbase’s stock has jumped 42% this year, rising from around $303 to a peak near $382. This upward trend coincided with the Senate’s passage of the GENIUS stablecoin bill and the company’s historic inclusion in the S&P 500 in May.
TIME highlighted Coinbase’s role as a key participant in policy initiatives within the industry, predicting that it could evolve into the primary hub for cryptocurrency trading in the United States.
Beyond American shores, Coinbase is expanding its European presence, having secured a license under the EU’s MiCA regulatory framework via Luxembourg’s financial authority. The company plans to set up its European headquarters in Luxembourg.
Additionally, Coinbase is seeking approval from the SEC to offer tokenized equities, positioning itself as a contender against popular retail trading platforms such as Robinhood and WeBull.
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