Czech National Bank Increases Palantir Stake, Adds Coinbase Shares
The Czech National Bank increased its US investment portfolio in Q2 by adding 51,732 shares of Coinbase Global, valued over $18 million, and acquiring 49,135 additional shares of Palantir Technologies, totaling 519,950 shares by June's end. Palantir's stock surged 80% in the first half of 2025, driven by strong earnings and AI interest, while Coinbase became the first crypto company to join the S&P 500 in May. Coinbase's stock rose 41% in H1 2025 and an additional 10% shortly after, despite a 10% revenue drop to $2 billion in Q1 and a 95% decline in net income to $66 million due to significant losses on crypto holdings. Transaction revenue fell 18.9% to $1.26 billion. Coinbase is expanding its market presence through acquisitions, including the $2.9 billion purchase of Deribit and the acquisition of Liquifi for enhanced token management capabilities.
