Czech National Bank Boosts Tech Holdings with Palantir and Coinbase Investments

The Czech National Bank (CNB) has made strategic adjustments to its U.S. portfolio in the second quarter of this year, signaling a shift in its investment approach. The bank has added shares of Palantir Technologies and Coinbase Global to its portfolio, as revealed in an SEC filing. This move indicates the CNB's interest in technology and digital finance, aiming to diversify its reserves and keep pace with international standards.

The CNB's investment in Palantir Technologies is notable, with the bank purchasing an additional 49,135 shares, bringing its total holdings to 519,950 shares. Palantir, known for its software and artificial intelligence capabilities, is closely associated with U.S. government agencies and the military. This investment suggests the CNB's confidence in technology that facilitates national security and data analysis.

Coinbase Global, one of the world's largest cryptocurrency exchanges, has also joined the CNB's portfolio. Coinbase went public in 2021 and was added to the S&P 500 index in May 2025. This inclusion has led index-based funds to add Coinbase to their portfolios. The CNB's investment in Coinbase appears to be a strategic move to align with the dynamics of the American stock market rather than a risky crypto bet.

Coinbase has been expanding its presence in the crypto industry. In May, it acquired Deribit, a popular cryptocurrency options exchange, for $2.9 billion. Earlier this month, Coinbase purchased Liquifi, a company that creates token management and billing tools. These acquisitions aim to enhance Coinbase's crypto trading capabilities and provide stronger support for token projects. The company is now offering spot trading, derivatives, and new crypto projects, positioning itself as a credible force in the digital asset space.

The CNB's investment strategy reflects a broader trend among financial institutions, which are increasingly concerned with technology and crypto. The growing popularity of companies like Coinbase and Palantir, along with the increased trading of Bitcoin and Ethereum, has boosted the business of these firms. The CNB's decision to invest in these companies is part of a future-oriented investment strategy, aiming to adapt to the evolving tech and digital finance landscape.

In the third quarter, Coinbase stocks have appreciated by approximately 10%, and the firm has performed well, benefiting from increased demand for AI services from other companies and governments. The CNB's investment in Coinbase and the increased stakes in Palantir help the bank become ready to adapt to the future of tech and digital finance, dealing with greater roles in the world. Other central banks may be keen on observing the performance of this strategy.