The Czech Central Bank (CNB) has announced the establishment of a testing portfolio worth 1 million USD consisting of Bitcoin (BTC), a USD-pegged stablecoin, and a crypto deposit.
According to CNB, the pilot program aims to test the process of buying, holding, and managing assets on the blockchain, while also helping the bank gain practical experience in the next 2–3 years. This investment is not part of the current foreign exchange reserves and will not be expanded further.
This is seen as a new milestone for Bitcoin as it appears for the first time on a central bank's balance sheet.
CNB Governor Aleš Michl stated that this idea was proposed since January 2025, with the aim of assessing Bitcoin's potential to diversify reserves. Previously, this move was criticized by European Central Bank President Christine Lagarde, yet the Czech Republic – although an EU member – still maintains its own currency and a certain degree of autonomy in monetary policy.
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The Czech Central Bank has become the first central bank in the world to buy Bitcoin.
The Czech Central Bank (CNB) has announced the establishment of a testing portfolio worth 1 million USD consisting of Bitcoin (BTC), a USD-pegged stablecoin, and a crypto deposit.
According to CNB, the pilot program aims to test the process of buying, holding, and managing assets on the blockchain, while also helping the bank gain practical experience in the next 2–3 years. This investment is not part of the current foreign exchange reserves and will not be expanded further.
This is seen as a new milestone for Bitcoin as it appears for the first time on a central bank's balance sheet.
CNB Governor Aleš Michl stated that this idea was proposed since January 2025, with the aim of assessing Bitcoin's potential to diversify reserves. Previously, this move was criticized by European Central Bank President Christine Lagarde, yet the Czech Republic – although an EU member – still maintains its own currency and a certain degree of autonomy in monetary policy.