Czech Republic Makes History: First Central Bank Buys Bitcoin

The Czech National Bank has taken a significant step in financial history, becoming the first central bank globally to hold Bitcoin on its balance sheet. This milestone demonstrates a shift in how central banks view digital assets and opens the door for other institutions to follow suit. The bank’s actions mark a cautious exploration of Bitcoin as part of a broader test portfolio, with a modest investment of $1 million. This pilot program seeks to evaluate Bitcoin’s potential role in diversifying reserves and navigating the evolving landscape of financial systems.