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Czech central bank governor to present plan to hold reserves in bitcoin, FT reports

BY Reuters | ECONOMIC | 01/29/25 12:16 AM EST

Jan 29 (Reuters) - Czech National Bank Governor Ales Michl said that he will present a plan to the central bank's board to invest in bitcoin and to eventually hold as much as 5% of its 140 billion euro ($146.13 billion) reserves in bitcoin, according to an interview published by the Financial Times on Wednesday. ($1 = 0.9580 euros) (Reporting by Harshita Meenaktshi in Bengaluru; Editing by Jamie Freed)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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