Czech Central Bank To Vote On €7 Billion Bitcoin Investment On Thursday 🇨🇿
The Czech National Bank (CNB) is set to make a groundbreaking decision on Thursday regarding its foreign exchange reserves. The bank is contemplating allocating up to 5% of its €140 billion reserves to Bitcoin, which would total approximately €7 billion or $7.31 billion.
This move, as revealed by Governor Aleš Michl in an exclusive interview with the Financial Times, signifies a bold departure from traditional investment strategies, potentially signaling a significant shift in the bank's approach to digital assets.
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