Czech National Bank Expands Portfolio with Coinbase and Palantir Investments
The Czech National Bank has adjusted its US investment portfolio, acquiring shares in Coinbase Global and increasing its stake in Palantir Technologies. This move, detailed in a Form 13F filing, reflects growing institutional interest in cryptocurrency and data analytics.
Investment Details
The bank purchased 51,732 Coinbase shares worth over $18 million, marking its first cryptocurrency exchange investment. It also added 49,135 Palantir shares, bringing total holdings to 519,950 by June. Palantir’s stock rose 80% in early 2025, outperforming the S&P 500.
Coinbase’s Market Position
After joining the S&P 500 in May, Coinbase shares gained 60% in one month despite Q1 challenges: revenue fell 10% to $2 billion and net income dropped 95% to $66 million due to crypto valuation losses.
Strategic Expansion
Coinbase continues expanding through acquisitions, including the $2.9 billion purchase of options platform Deribit and token management firm Liquifi, enhancing its compliance and vesting capabilities.
Key Highlights
- First cryptocurrency investment by Czech National Bank
- Palantir shares surged 80% in H1 2025
- Coinbase maintains growth despite revenue decline
- Strategic acquisitions strengthen Coinbase’s market position
