Czech Central Bank Jumps into Crypto with Coinbase Investment The Czech National Bank (CNB) took a daring step into the world of crypto by acquiring stakes in Coinbase, the biggest U.S.-based crypto exchange. The bank also deepened its investment in Palantir Technologies, a leading AI and data analytics company. Strategic U.S. Portfolio Changes in Q2 In its latest Form 13F filing with the United States Securities and Exchange Commission, the central bank bought 51,732 shares of Coinbase valued at over $18 million at the end of June. It also boosted its holding in Palantir by 49,135 shares to 519,950 shares. The move suggests growing confidence of the Czech National Bank in technology-related assets, especially those related to AI and blockchain. Palantir Soars after AI guidance Palantir has emerged as one of the big performers of 2025 so far, with its stock rising 80% in the first half of the year, well ahead of the S&P 500’s rise of 5.5%. The surge comes in the wake of strong earnings and increased investor demand for AI stocks. Coinbase Joins S&P 500 Despite Revenue Decline Coinbase made history in May when it became the first crypto firm to join the S&P 500. Its stock has been up around 60% in the past month with a 41% gain in H1 2025 and further 10% in recent weeks. But the company’s Q1 finances told a tale of opposites. Total revenue declined 10% to $2 billion, and net income plummeted 95% to $66 million, dragged down by nearly a $600 million unrealized crypto asset loss. But EPS was $1.94, better than forecast by analysts. Increasing Crypto Resilience Through Consolidations Even in the face of revenue headwinds, Coinbase remains busy building out its crypto offerings. In May, it agreed to acquire Deribit, an options trading platform for cryptocurrencies, for $2.9 billion. It recently also acquired Liquifi, a token management startup, strengthening its support for early-stage token projects and compliance infrastructure. Such moves reflect Coinbase’s ambitions to dominate multiple segments of the crypto space—including tokenization and derivatives—in the face of growing institutional interest.
