Czech central bank adds Coinbase to portfolio, boosts Palantir holdings
2025-07-13 08:44:49
Main Idea
The Czech National Bank expanded its investment portfolio by acquiring Coinbase shares and increasing its holdings in Palantir during Q2 2025, reflecting its entry into the crypto space and confidence in these companies.
Key Points
1. The Czech National Bank acquired 51,732 Coinbase shares worth over $18 million and increased its Palantir holdings to 519,950 shares by the end of June.
2. Palantir's stock surged 80% in the first half of 2025, outperforming the S&P 500’s 5.5% gain.
3. Coinbase became the first crypto company to join the S&P 500 in May, with its shares rising around 60% over the past month.
4. Despite revenue dropping 10% quarter-over-quarter to $2 billion in Q1, Coinbase's adjusted earnings per share of $1.94 surpassed analyst estimates.
5. Coinbase expanded its crypto footprint by acquiring Liquifi, a token management platform for early-stage tokenization projects.
Description
The Czech National Bank boosted its investment in Palantir and entered the crypto space by acquiring Coinbase shares in Q2.
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