According to Reuters, the Czech National Bank (CNB) announced that it purchased $1 million worth of Bitcoin (BTC). Accordingly, the Czech National Bank purchased digital assets for the first time in its history. The majority of the portfolio consists of BTC, but the portfolio also includes a US dollar-based stablecoin and a tokenized deposit to gain experience in digital markets. With this $1 million investment, CNB has created a test portfolio of blockchain-based digital assets. It was stated that all of these were purchased through an exchange, but no further details were given. “The Czech National Bank (CNB) has purchased digital assets for the first time in its history. The purchase was made outside of its existing international reserves. …The purpose of the portfolio is to gain practical experience in holding digital assets and to implement and test the necessary related processes.” The bank stated that the purchase in question was made outside of CNB's existing international reserves and added that the investment amount will not be actively increased. CNB President Ales Michl explained: “I came up with the idea of creating a test portfolio in January 2025. The aim was to test decentralized Bitcoin from a central bank perspective and assess its potential role in diversifying our reserves. Consequently, stablecoins and tokenized deposits were also included in Bitcoin. We will continuously inform the public about our experience and present an overall assessment of the project in approximately two to three years.” *This is not investment advice. Continue Reading: The country's central bank announced that it had purchased Bitcoin (BTC) in a surprise move! "This is the first time in its history that it has purchased crypto!"
