The Czech National Bank has shown activity in the crypto market by acquiring a significant stake in Coinbase and expanding its position in Palantir Technologies.
Investment in Coinbase
In the second quarter of 2025, the Czech National Bank added 51,732 shares of Coinbase worth over $18 million. This is the first time the bank has disclosed its position in a U.S.-listed cryptocurrency exchange. Coinbase became part of the S&P 500 earlier this year and has attracted the attention of institutional investors.
Increased Stake in Palantir
The bank also increased its stake in Palantir Technologies, adding 49,135 shares, bringing the total to 519,950 shares by the end of June. Palantir's stock rose 80% during the first half of 2025, supported by earnings growth and increased demand for AI-driven data tools. In comparison, the S&P 500 rose only 5.5% during the same period.
Growing Interest in the Crypto Market
Coinbase is actively expanding its services through acquisitions. In May, the company announced plans to purchase Deribit, a crypto options exchange, for $2.9 billion, and recently acquired Liquifi, a company focused on token management tools. These deals will help Coinbase strengthen its position in crypto trading and enhance its capabilities to support spot and derivatives trading.
The recent actions of the Czech National Bank reflect a broader interest in digital assets and emerging technologies. Coinbase shares have risen 41% this year and gained another 10% in recent weeks.
