INSUBCONTINENT EXCLUSIVE:
The Czech National Bank adjusted its US investment portfolio in the second quarter by increasing its stake in Palantir Technologies and
initiating a new position in cryptocurrency exchange Coinbase Global.These moves were disclosed in a Form 13F filing, which is a quarterly
report filed by investment managers to the Securities and Exchange Commission that discloses their US equity holdings.The filing shows the
bank has added 51,732 Coinbase shares, worth over $18 million
The Czech National Bank also added 49,135 Palantir shares in the second quarter of the year, bringing its total to 519,950 by the end of
The company has benefited from strong earnings reports and growing investor interest in artificial intelligence.Related: Coinbase partners
with Perplexity AI for real-time crypto pricesCoinbase joins S&P 500Coinbase became the first crypto company to join the S&P 500 in May
The S&P 500 is a stock market index that tracks the performance of 500 of the largest, publicly traded companies in the US, representing a
Source: Google FinanceMeanwhile, Coinbase's total revenue dropped 10% quarter-over-quarter to $2 billion in Q1, missing industry
expectations as trading activity slowed across the market
also declined 18.9% to $1.26 billion, with trading volumes down 10.5% to $393 billion, reflecting a shrinking crypto market partly impacted
by tariffs under the Trump administration
Despite this, earnings per share of $1.94 surpassed analyst estimates.Related: Coinbase unlocks off-exchange settlement for institutions
billion.Earlier this month, the company purchased Liquifi, a token management platform specializing in early-stage tokenization projects
