The Czech National Bank becomes the first central bank to purchase Bitcoin

The Czech National Bank (CNB) announced the creation of a $1 million digital asset trial portfolio, covering Bitcoin, dollar stablecoins, and tokenized deposits.

The project aims to test the central bank's processes for purchasing, holding, and managing blockchain assets, lasting 2 to 3 years. This investment is not included in foreign exchange reserves, and CNB Governor Aleš Michl stated that this move aims to explore the potential role of Bitcoin in reserve diversification.