Central banks buying Bitcoin? The quiet exposure no one’s talking about

Key Points

1. Bitcoin's price surge to a new all-time high of $118k has resulted in 100% of holders being in net profit, positively impacting publicly traded firms with BTC exposure.

2. MicroStrategy (MSTR) saw a 40% stock rally in Q2 and holds 597,325 BTC, with unrealized profits exceeding $6 billion.

3. The Czech Central Bank added Coinbase shares to its S&P 500 equity strategy, indirectly gaining Bitcoin exposure through Coinbase's 6,885 BTC holdings.

4. Market expectations suggest MicroStrategy may join the S&P 500, which would further increase central banks' indirect Bitcoin exposure.

5. Bitcoin's performance has outpaced gold, with MSTR delivering over 40% returns in Q2 compared to gold's 4.8% gain.