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The Czech National Bank (CNB) may become the first European central bank to invest in Bitcoin as part of its strategy to diversify foreign reserves.
Aleš Michl, the Governor of CNB, intends to allocate 5% of the nation’s foreign currency reserves to BTC, according to Reuters, referencing the Financial Times. If approved, this proposal, which will be presented to CNB’s board of directors on Thursday, would result in a €7 billion investment in Bitcoin.
André Dragosch, Head of Research at Bitwise, remarked that purchasing BTC at this level would be comparable to nearly six months of Bitcoin mining production.
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Earlier this year, Michl mentioned to CNN Prima News that CNB was contemplating acquiring “a few BTC” for diversification purposes. The bank also indicated plans to increase its gold holdings to about 5% of total reserves by 2028. CNB’s primary aim continues to be maintaining low inflation and ensuring financial stability within the domestic market.
Max Krupyshev, CEO of CoinsPaid, previously anticipated that the trend of national Bitcoin reserves would gain traction in 2025. He suggested that governments might consider BTC as a safeguard against currency volatility and a means for reserve diversification or reducing dependence on traditional financial assets.
A similar trend is emerging in the U.S. at the state level. The Arizona Senate Finance Committee approved a bill to establish Bitcoin reserves, which will now be reviewed by the full state Senate. Similarly, Utah’s House Economic Development and Workforce Services Committee endorsed a comparable bill for further legislative consideration. According to Bitcoin Reserve Monitor, similar proposals are under discussion in 12 U.S. states.
The adoption of Bitcoin as a reserve asset is gaining momentum worldwide, with initiatives spanning from national governments to private sector industries, including the alcoholic beverage sector.
Сообщение Czech Central Bank Could Invest 5% of Its Reserves in Bitcoin появились сначала на CoinsPaid Media.
