PANews reported on January 30 that according to The Block, the board of directors of the Czech National Bank (CNB) has approved a proposal to analyze whether to include Bitcoin in foreign exchange reserves. The bank said that it has gradually diversified its reserve management in recent years and will decide on the next steps after analysis. No investment adjustments will be made during this period. CNB President Aleš Michl revealed that he plans to submit a proposal to invest up to 5% of reserve funds (about 140 billion euros) in Bitcoin. If approved, CNB will become the first central bank known to hold Bitcoin. CNB estimates that holding 5% of Bitcoin over the past decade would increase annual returns by 3.5%, but volatility would also double.
Czech Central Bank approves review of Bitcoin investment reserves
- 2025-02-23
Hong Kong Asia Holdings disclosed that it spent HK$5.9369 million to increase its holdings of 7.88 Bitcoins
- 2025-02-23
Michael Saylor releases Bitcoin Tracker information again, suspected to disclose increased holdings
- 2025-02-23
Taining Court: Issues such as entrusted transactions and management of U-coins are not subject to legal regulation and protection in my country for the time being
- 2025-02-23
PA Daily | Bybit launches a 10% bounty recovery plan for stolen funds; Kanye allegedly sold the publishing rights of account X for $20 million
- 2025-02-23
Today's Cryptocurrency Fear and Greed Index is 50, and market sentiment remains neutral
- 2025-02-23
CZ: I prefer to use the funds in the donation address to support liquidity. I don’t care whether I make money or not. I aim to indirectly give back to the community.