Czech National Bank Makes Historic Move With $1 Million In Bitcoin And New Crypto Portfolio

Guy Fawkes 2025.11.18 3 min read

Czechia is finally dipping its toe in crypto! The Czech National Bank is actively purchasing Bitcoin and other digital assets for a pilot program. Governor of the Czech National Bank since 2022, Aleš Michl, weighed in. “As a central bank, we want to test this path,” he said. “It is realistic to expect that, in the future, it will be easy to use the Crown (CZK) to buy tokenised Czech bonds and more besides – with one tap an espresso; with another an investment such as a bond or another asset that used to be the preserve of larger investors.”

“I came up with the idea of creating a test portfolio in January 2025,” said Michl. “The aim was to test decentralised bitcoin from the central bank’s perspective and to evaluate its potential role in diversifying our reserves.”

Meanwhile, the bank said that “the purpose of the portfolio is to gain practical experience with holding digital assets and to implement and test the necessary related processes.”

According to a recent Reuters report, CNB’s portfolio is primarily composed of bitcoins, as well as US dollar-based stablecoins and a tokenised deposit, all acquired through a regulated exchange.

The initiative is not part of the bank’s formal reserve assets. Instead, it is experimental. But could it lead to a strategic Bitcoin reserve?

JUST IN: Czech Central Bank has bought $1 million worth of Bitcoin and crypto. pic.twitter.com/1s11tryFxz

— Ash Crypto (@AshCrypto) November 13, 2025

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Is A Czechia Bitcoin Reserve Round The Corner?

Czechia’s experimental pilot project was approved by the CNB Board on 30 October 2025.

Currently, the bank’s digital assets will be held separately from the bank’s international reserves. And it will not be actively increased.

“In the test portfolio, the central bank will test the whole chain of processes associated with the purchase, holding and management of digital assets – from technical administration of keys and multi-level approval processes, through crisis scenarios and security mechanisms, to verifying anti-money-laundering compliance,” the bank said.

Europe is hilarious because you have countries like Norway and France angrily taxing unrealized capital gains, then you have countries like Czechia removing taxes on crypto gains and trying to buy Bitcoin through the central bank, or Belgium whose cap gains tax is quietly zero. https://t.co/osHZWwgAKN

— Marko Jukic (@mmjukic) January 29, 2025

However, the bank has not hinted towards a strategic reserve yet. But the crypto community suspects that the leap maybe around teh corner.

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Key Takeaways

The CNB’s pilot is not just a test of technology—it’s a test of policy agility and institutional readiness.

If successful, the groundwork laid by this research could facilitate easier integration of crypto and tokenized securities into future central bank operations.

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