The post Czech National Bank Buys $1M BTC, Crypto to Test Crypto Reserve appeared com. The Czech National Bank (CNB), the central bank of the Czech Republic, announced on Thursday the purchase of cryptocurrencies worth $1 million for the first time to test a digital asset reserve and gain “practical experience” in handling digital assets. CNB’s reserves will include Bitcoin (BTC), one US dollar-pegged stablecoin and one tokenized bank deposit, according to the announcement. The bank said that while the test is intended to study crypto and prepare the bank for international adoption to remain globally competitive, it is not planning to adopt a digital asset reserve in the “near future.” CNB governor Aleš Michl said: “It is realistic to expect that, in the future, it will be easy to use the koruna to buy tokenized Czech bonds and more with one tap an espresso; with another an investment such as a bond or another asset that used to be the preserve of larger investors.” Bitcoin average returns per holding period. The announcement reflects the growing institutional adoption of digital assets by central banks and nation-states, as the world shifts to onchain, internet-first finance. Related: Taiwan premier promises Bitcoin reserve assessment report by the end of 2025 CNB inches toward crypto The CNB began exploring BTC in January to diversify its international asset reserves, following the pro-crypto regulatory pivot in the United States. BTC correlation with other asset classes. 3 billion BTC, or 5% of the bank’s reserves, to seed a Bitcoin reserve during the same month, but the plan wasn’t approved by the CNB board. “An asset under.