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The governor will present a BTC investment plan to the board Thursday, according to an interview published by the Financial Times.
By Omkar Godbole|Edited by Parikshit Mishra
Updated Jan 29, 2025, 7:23 a.m. UTCPublished Jan 29, 2025, 7:16 a.m. UTC
What to know:
- Czech Central Bank Governor to present a BTC investment plan this Thursday.
- Potential approval could see the bank invest 5% of its reserves in BTC.
Czech National Bank Governor Ales Michl said in an interview with Financial Times (FT) that he will present a bitcoin investment plan to the board on Thursday, which, if approved, could see the apex bank diversify 5% of its $146.13 billion reserves into the leading cryptocurrency by market value.
“For the diversification of our assets, bitcoin seems good,” Michl said, according to an interview published by the FT and quoted by Reuters.
Michl pointed to broader investor interest in the cryptocurrency since BlackRock and others debuted spot ETFs a year ago.
The central bank did not immediately respond to CoinDesk’s request for comment.
Omkar Godbole is a Co-Managing Editor on CoinDesk’s Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
