Czech Central Bank Bets on Crypto with $18M Coinbase Stake

In a bold move for a traditional institution, the Czech National Bank (CNB) invested $18.1 million in Coinbase stock last quarter, per SEC filings.

The CNB acquired 51,732 shares (now worth ~$20M), its first-ever position in the crypto exchange. The purchase follows the bank’s January proposal to explore Bitcoin for its €140 billion reserves, with Governor Aleš Michl floating a 5% allocation.

For investors, the move signals growing institutional validation of crypto markets—even among conservative central banks.