Czech Bank Governor Proposes $7.3B Bitcoin Buy

Czech National Bank Governor Proposes $7.3 Billion Worth Bitcoin Buy

The Governor of the Czech National Bank, Aleš Michl, has proposed investing up to 5% of the nation’s $146 billion (€140 billion) reserves in Bitcoin (BTC). This would amount to around $7.3 billion, reflecting a significant shift in institutional finance.

Michl’s proposal comes amid a broader trend among global financial institutions toward recognizing Bitcoin as a legitimate reserve asset. The move, if approved, would position the Czech Republic among the first countries to integrate Bitcoin into its official reserve assets, marking a more pronounced stance compared to the ambiguity in President Trump’s executive order.

As BeInCrypto reported, Trump’s order commissioned the creation of a digital asset stockpile, which is distinct from a Bitcoin Reserve. If the US Congress approves Trump’s executive order, the digital asset stockpile will likely include more crypto assets than Bitcoin. Nevertheless, both moves come amid heightened global interest in Bitcoin, especially following the approval of spot Bitcoin ETFs (exchange-traded funds) by the US SEC. These financial instruments have driven significant capital inflows into the market.

In a related development, Japan’s Metaplanet recently announced a $745 million raise to fund a record-breaking Bitcoin purchase. The move reinforces the asset’s growing institutional adoption. The Arizona Senate Committee recently approved a strategic Bitcoin reserve bill in a landmark vote. The bill aims to establish Bitcoin as part of the state’s financial strategy. These highlights, among others, mark a significant step toward Bitcoin’s recognition in governmental financial planning. They indicate a global trend of institutional and governmental bodies increasingly integrating Bitcoin into their economic structures.

Unfortunately, the impact on Bitcoin price has been rather muted. According to BeInCrypto data, BTC was trading at $102,537, down by 0.37% since Wednesday’s session opened.