The Czech National Bank (CNB) has arrived on the crypto scene in accordance with the latest US regulations submissions. The European Central Bank added a new position to Coinbase in the second quarter of 2025, marking a rare public exposure to crypto-related fairness.
The move came with an increase in Palantir’s existing stock in CNB. This reflects the increased appetite for high growth among institutional allocators, high volatile US technology stocks.
Czech Central Bank adds Coinbase to its portfolio
The Czech Central Bank’s latest investments have been disclosed on Form 13F filed with the Securities and Exchange Commission (SEC). It has been revealed that it has purchased 51,732 shares of Coinbase Global. At the time of filing, these shares were worth more than $18 million.
Coinbase has had a strong 2025 ever. That inventory rose more than 40% in the first half of the year, riding a new wave of institutional interest in digital assets in the US, which began with the long-standing approval of the Spot Bitcoin ETF in 2024.
Coinbase stock chart. Source: Google Finance
The central bank submission showed an additional 49,135 shares purchased from Palantir, a software and artificial intelligence company with ties to the US military, bringing total holdings to 519,950 shares.
CNB’s movement appears to be rooted in passive index tracking strategies rather than speculative intent. Coinbase joined the S&P 500 in May 2025, and Palantir made his Index debut in September 2024.
Palantir and Coinbase are the latest in the market
Central banks typically invest in securities dragged into highly liquid dollars to diversify reserves and maintain returns along benchmark indexes. In this case, CNB’s Coinbase purchase may be about staying in line with the US stock market structure, not about bold bets on Crypto.
Spotting Palantir and Coinbase in CNB’s portfolio increases the growing institutional appetite for the disruptive technology sector. Palantir was a favorite among AI-focused investors looking to benefit from data analysis and government contracts. Its PLTR stock rose 80% in the first half of 2025, far surpassing the modest 5.5% return of the S&P 500 over the same period.
Coinbase maintains a strong institutional profile. Since being added to the S&P 500, the company has benefited from an increased adoption of ETFs, new exchange-selling products, and a sharp increase in spot trading volumes across the Bitcoin and Ethereum markets.
CNB timing can be fortunate. This is because Coinbase rose by about 10% in the third quarter.