The Czech National Bank adjusted its US investment portfolio in the second quarter by increasing its interest in Palantir Technologies and launching a new position at Cryptocurrency Exchange Coinbase Global.
These movements were disclosed in Form 13F filing. This is a quarterly report filed by an investment manager with the Securities and Exchange Commission, which discloses its US stock holdings.
The filing shows the bank has added 51,732 Coinbase stocks worth more than $18 million. The Czech National Bank also added 49,135 Palantir shares in the second quarter of the year, bringing it to a total of 519,950 by the end of June.
Data analytics firm Palantir saw its share price at 80% in the first half of 2025, surpassing the S&P 500’s 5.5% increase. The company benefits from strong revenue reporting and growing investor interest in artificial intelligence.
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Coinbase will be participating in the S&P 500
Coinbase became the first crypto company to join the S&P 500 in May. The S&P 500 is an equity market index that tracks the performance of 500 of the largest public companies in the US, representing a broad scale of the overall US stock market.
The company’s shares rose 41% in the first half of 2025 and earned an additional 10% the following week. Exchange stocks have also grown by around 60% over the past month, according to Google Finance data.
Meanwhile, Coinbase’s total revenue fell to $2 billion per quarter in the first quarter, causing industry expectations to be lost as trading activities slowed across the market. The company’s net profit plummeted from 95% to $66 million, primarily due to paper losses of $596 million in crypto-holdings.
Transaction revenue also fell 18.9% to $1.26 billion, reflecting a shrinking crypto market affected by tariffs under the Trump administration, trading volume fell 10.5% to $393 million. Nevertheless, earnings per share of $1.94 exceeded analyst estimates.
Related: Coinbase unlocks non-institutional settlements amid “high” demand
Coinbase extends the crypto footprint
Coinbase is increasing its market share for spots and derivatives trading with new acquisitions. In May, the company announced it had agreed to acquire Crypto Options Trading Platform Deribit in a transaction worth $2.9 billion.
Earlier this month, the company purchased Liquifi, a token management platform specializing in early stage tokenization projects. This move will enhance Coinbase’s token cap table management, vesting and compliance capabilities, allowing to support token creators early in development.
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