The Czech Central Bank has become the first central bank in the world to buy Bitcoin.

TapChiBitcoin
BTC-3,09%

The Czech Central Bank (CNB) has announced the establishment of a testing portfolio worth 1 million USD consisting of Bitcoin (BTC), a USD-pegged stablecoin, and a crypto deposit.

According to CNB, the pilot program aims to test the process of buying, holding, and managing assets on the blockchain, while also helping the bank gain practical experience in the next 2–3 years. This investment is not part of the current foreign exchange reserves and will not be expanded further.

This is seen as a new milestone for Bitcoin as it appears for the first time on a central bank's balance sheet.

CNB Governor Aleš Michl stated that this idea was proposed since January 2025, with the aim of assessing Bitcoin's potential to diversify reserves. Previously, this move was criticized by European Central Bank President Christine Lagarde, yet the Czech Republic – although an EU member – still maintains its own currency and a certain degree of autonomy in monetary policy.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

BlackRock transfers 2,750 BTC worth over $194 million to an institutional custodian address via IBIT Fund

Gate News reports that on March 6, according to Arkham monitoring, BlackRock just transferred a total of 2,750 BTC, worth approximately $194 million, to an institutional custody address through its Bitcoin ETF IBIT. There may be further transaction activities following this transfer.

GateNews1m ago

Rumble: Tether has committed to providing $150 million in GPU service procurement and currently holds 210.82 BTC.

Rumble disclosed in its latest financial report that it holds 210.82 Bitcoin and $237.9 million in cash, with total liquidity of approximately $256.4 million. The company will collaborate with Tether to secure $100 million in advertising spending and $150 million in GPU service procurement commitments to enhance AI infrastructure and computing power.

GateNews11m ago

Cango produced 454.83 Bitcoins in February and plans to use treasury funds to support AI infrastructure transformation.

Cango Inc. reported producing 454.83 Bitcoins in February 2026, with a total holding of 3,313.4 Bitcoins. The company plans to use part of its Bitcoin holdings for expenses and strategic investments, transforming into a global AI and high-performance computing infrastructure provider, upgrading equipment and migrating to regions with lower electricity costs.

GateNews45m ago
Comment
0/400
No comments