Czech National Bank Acquires $1M Bitcoin
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CNB makes its first-ever purchase of digital assets, including Bitcoin, stablecoin, and a tokenised deposit. The $1 million test portfolio aims to study blockchain-based investment and operational processes. CNB clarifies that Bitcoin will not form part of its international reserves. The Czech National Bank (CNB) announced its first purchase of digital assets, including Bitcoin, as part of a $1 million test portfolio. Approved on October 30, 2025, the initiative was established outside the central bank’s international reserves to gain hands-on experience with blockchain-based assets. According to the official press release, Czech’s crypto portfolio will include Bitcoin, a U.S. dollar–denominated stablecoin, and a tokenised deposit. CNB Governor Aleš Michl said the goal was to test Bitcoin from a central bank’s perspective and assess its potential role in reserve diversification. “The aim was to test decentralised bitcoin from the central bank’s perspective and to evaluate its potential role in diversifying our reserves,” Michl stated. The CNB emphasised that this step does not signify a shift in its monetary reserve strategy. Digital assets in the test portfolio remain fully separated from its international reserves and will not affect the bank’s foreign exchange interventions or monetary policy operations. The bank said it will not actively expand the portfolio, and any valuation changes will be market-driven. Governor Michl cautioned that Bitcoin’s price can fluctuate substantially, urging investors to be mindful of inherent risks. Czech’s Crypto Holdings Were Bought off the Market The test portfolio allows the CNB to explore blockchain’s operational complexities — from key custody and multi-level approval processes to anti-money laundering (AML) compliance and security mechanisms. The institution plans to test trade settlement, auditing, and accounting for digital assets under real market conditions. Officials said maintaining in-house expertise is central to the experiment. By managing a live portfolio, CNB staff can gain experience…
Filed under: News - @ November 14, 2025 7:35 am