The Czech National Bank (CNB) has taken a step toward crypto adoption by purchasing $18.1 million in Coinbase stock, per its latest SEC disclosure.
The investment—51,732 shares, now worth ~$20M—comes months after the CNB proposed diversifying reserves into assets like Bitcoin. Governor Aleš Michl hinted at a possible 5% allocation from its €140 billion reserves, pending approval.
The move suggests the CNB is testing crypto exposure via regulated entities like Coinbase before direct Bitcoin investments.
