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Fortune
Fortune
Business
Carlos Garcia

Czech central bank buys $1 million in Bitcoin and other cryptocurrencies

a cyclist rides by a building in prague (Credit: Milan Jaros/Bloomberg via Getty Images)

In a bid to become more familiar with how cryptocurrencies operate, The Czech National Bank announced on Thursday that it would invest $1 million in Bitcoin and a handful of dollar-backed stablecoins. The bank says the purchase, approved on October 30, 2025, will let it gain practical experience holding digital assets but that the cryptocurrency will be held apart from the country’s international reserves. 

“The aim was to test decentralised Bitcoin from the central bank’s perspective and to evaluate its potential role in diversifying our reserves,” said CNB Governor Aleš Michl in a statement.

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