Czech National Bank Invests $1 Million in Bitcoin and Crypto for Research

The Czech National Bank (CNB) has taken a significant step forward in exploring the potential of digital assets by creating a $1 million test portfolio. This initiative represents the first-ever explicit purchase of Bitcoin by a central bank, marking a pioneering move to understand its role in diversifying their reserves. The CNB aims to gain insights into Bitcoin’s impact on diversification efforts while observing the market response.