Czech National Bank makes historic first Bitcoin purchase
The Czech National Bank (CNB) has made its first-ever purchase of Bitcoin, marking a historic step toward exploring blockchain processes, including trading and accounting.
On November 13, the CNB announced the creation of a $1 million pilot portfolio of digital assets — the first such initiative in the institution’s history. The project was approved by the Bank’s Board of Directors on October 30.
The test portfolio will include Bitcoin, stablecoins, and tokenized assets. This structure will allow central bank employees to practically compare various types of digital assets while studying aspects such as settlement, trading, and auditing.
“The idea of creating a test portfolio came to me in January 2025. The goal was to test decentralized Bitcoin from a central bank perspective and assess its potential role in diversifying our reserves,” said CNB Governor Aleš Michl.
Pilot project with long-term perspective
The pilot project will rely on the CNB’s internal expertise base, which will be used to share insights and knowledge with other teams.
Detailed updates on the pilot program and CNB’s experience will be shared with the public as the project develops, with a full evaluation expected within two to three years. However, the Czech regulator currently has no plans to expand its crypto investments or include Bitcoin and other digital assets in its international reserves.
As we wrote, Czech central bank invests in Coinbase shares
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