Czech National Bank Bets on Crypto and AI with Coinbase and Palantir Buys

The Czech National Bank is ramping up its exposure to digital assets and AI, revealing significant positions in Coinbase and Palantir in its latest US equity filing.

According to a Q2 Form 13F submitted to the SEC, the central bank acquired 51,732 shares of Coinbase, valued at over US$18M (AU$27.3M), and added 49,135 shares of Palantir Technologies, bringing its total Palantir holdings to 519,950 shares by the end of June.

The move signals a calculated pivot by the traditionally conservative institution toward high-growth sectors at the intersection of finance, data, and emerging tech.

Palantir’s performance has been impossible to ignore. The data analytics firm surged over 118% in the first half of 2025, handily outpacing the S&P 500’s modest 5.5% rise, mostly fuelled by bullish earnings and a frenzy around AI infrastructure.

Related: SEC’s Hester Peirce: “Tokenisation Isn’t Magic—Tokenised Shares Remain Securities”

Coinbase Continues to Dominate

Meanwhile, Coinbase has expanded its crypto empire with a string of acquisitions, including a US$2.9B deal for crypto options exchange Deribit in May and a recent buyout of token management platform Liquifi. This is the first crypto company to make its way into the S&P 500, with its shares surging over 25% thereafter.

Despite a 10% drop in Q1 revenue year-over-year, Coinbase still beat earnings expectations with US$1.94 (AU$2.95) earnings per share. The quarterly loss included a US$596M (AU$905M) unrealised hit from its crypto holdings.

All in all, the COIN price is up 55% year-to-date and has surged another 10% in the last seven days. Over the past month, shares have jumped nearly 60%.

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