The Czech National Bank (CNB) may become the first central bank in Europe to officially invest in bitcoin. The bank's governor, Ales Michl, will present a plan to purchase $7.3 billion worth of BTC at a board meeting on January 30, 2025.

If the proposal is approved, the Czech National Bank will allocate 5% of its international reserves (totaling more than $146 billion) for the purchase of bitcoin. According to Andre Dragos, head of Bitwise's analytical department, this is equivalent to about 5.3 months of newly mined bitcoin supply.

Michl sees bitcoin as a tool for diversifying government assets and protecting against macroeconomic risks. He also noted that the US regulator under the Trump administration can create more favorable conditions for BTC, which will have a positive impact on the global adaptation of cryptocurrencies.

This step could be historic for the European crypto market, strengthening bitcoin's position as a strategic asset.