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Czech Central Bank Becomes First Central Bank to Buy Bitcoin

The Czech National Bank (CNB) has launched a pilot program by creating a $1 million test portfolio of digital assets, which primarily includes Bitcoin. This initiative aims to explore the processes involved in purchasing, holding, and managing blockchain-based assets. Approved by the bank's board on October 30, the portfolio also comprises a USD stablecoin and a tokenized deposit. The CNB plans to share insights from this experience over the next 2-3 years. Governor Aleš Michl announced the idea of investing in Bitcoin back in January 2025, highlighting the possible role of decentralized assets in diversifying the bank's reserves. The acquisition is independent of the bank's existing international reserves, marking a significant milestone for Bitcoin as it officially appears on a central bank balance sheet.

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