The Czech National Bank (CNB) acquired $18.1 million worth of Coinbase shares in the second quarter, marking its first investment in the cryptocurrency exchange platform.
According to a 13F filing with the US Securities and Exchange Commission (SEC), the CNB purchased 51,732 shares of Coinbase Global (COIN).
The stake was valued at $18.1 million as of June 30, but has since risen to approximately $20 million based on Friday's closing price.
This move highlights the growing institutional interest in cryptocurrency-related assets.
Earlier this year, the CNB approved a proposal to explore diversifying its reserves, including possible investments in Bitcoin.