Czech National Bank Boosts Coinbase Stake 41% in Q2

The Czech National Bank has made notable adjustments to its US investment portfolio in the second quarter of the year. The bank added 51,732 shares of Coinbase Global, valued at over $18 million, marking its entry into the cryptocurrency exchange market. This move signifies the central bank's growing interest in digital assets and its willingness to diversify its portfolio to include emerging technologies.

In addition to its investment in Coinbase, the Czech National Bank also increased its holdings in Palantir Technologies. The bank added 49,135 shares in the second quarter, bringing its total stake to 519,950 shares by the end of June. Palantir, a data analytics firm, has seen its stock surge 80% in the first half of 2025, outperforming the S&P 500’s 5.5% gain. The company's strong earnings reports and growing investor interest in artificial intelligence have contributed to its impressive performance.

Coinbase, the first crypto company to join the S&P 500 in May, has also seen significant gains. The company’s stock rose 41% in the first half of 2025 and gained an additional 10% in the following weeks. Despite a 10% drop in total revenue to $2 billion in Q1, Coinbase's earnings per share of $1.94 surpassed analyst estimates. The decline in revenue was largely due to a $596 million paper loss on its crypto holdings and a decrease in trading activity across the market.

Coinbase has been actively expanding its market share in spot and derivatives trading through new acquisitions. In May, the firm agreed to acquire the crypto options trading platform Deribit in a transaction worth $2.9 billion. Earlier this month, Coinbase purchased Liquifi, a token management platform specializing in early-stage tokenization projects. These acquisitions enhance Coinbase’s capabilities in token cap table management, vesting, and compliance, enabling it to support token creators earlier in their development.

The Czech National Bank's strategic shift in its investment portfolio reflects a broader trend of institutional interest in both traditional tech stocks and emerging cryptocurrency platforms. By diversifying its holdings, the bank aims to enhance its portfolio performance and gain exposure to innovative technologies that are shaping the future of finance and data management. This move underscores the growing recognition of the potential of digital assets and data analytics in driving economic growth and technological advancement.