Coinbase Stock Gets $18M Boost from Czech Central Bank
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Coinbase shares gained a notable institutional backer in Q2 as the Czech National Bank (CNB) disclosed an $18.1 million investment in the crypto exchange.
The CNB’s 13F filing revealed it bought 51,732 shares—now worth ~$20M—marking its first position in Coinbase. The move aligns with the bank’s broader strategy to explore crypto investments, including a potential 5% allocation to Bitcoin from its €140 billion reserves.
This follows growing central bank interest in digital assets, with institutions like the CNB cautiously entering the space.
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