Czech central bank adds Coinbase to portfolio, boosts Palantir holdings
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 June.
Palantir, a data analytics firm, saw its stock surge 80% in the first half of 2025, outperforming the S&P 500's 5.5% gain. The company has benefited from strong earnings reports and growing investor interest in artificial intelligence. Coinbase joins S&P 500
Coinbase 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 broad measure of the overall US stock market.
The company's stock rose 41% in the first half of 2025 and gained an additional 10% in the following weeks. The exchange's shares are also up by around 60% over the past month, according to data from Google Finance.
Meanwhile, Coinbase's total revenue dropped 10% quarter-over-quarter to $2 billion in Q1, missing industry expectations as trading activity slowed across the market. The company's net income plummeted 95% to $66 million, largely due to a $596 million paper loss on its crypto holdings.
Transaction revenue 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. Coinbase expands crypto footprint
Coinbase has been expanding its market share in spot and derivatives trading with new acquisitions. In May, the firm announced that it had agreed to acquire the 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. The move enhances Coinbase's token cap table management, vesting, and compliance capabilities, enabling it to support token creators earlier in their development.
Source: https://cointelegraph.com/news/czech-central-bank-coinbase-portfolio-palantir-q2
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
an hour ago
- Arabian Business
Dubai real estate: Property transactions hit nearly $118bn in first half of 2025
The Dubai real estate market has achieved transactions worth AED431 billion in the first six months of 2025, representing a 25 per cent increase compared to the same period in 2024. The market processed 1.3 million real estate procedures during the period, with investment activity reaching AED326 billion and attracting 95,000 investors, marking a 39 per cent growth in investment volumes. Property investment data shows 59,000 new investors entered the market, representing a 22 per cent increase in fresh investment participation, the Dubai Media Office said via X. Record performance for Dubai's real estate sector with transactions exceeding AED 431 billion in the first half of 2025, marking a 25% growth compared to the same period in 2024. — Dubai Media Office (@DXBMediaOffice) July 20, 2025 The total investment value across all sectors reached AED157 billion, recording a 40 per cent rise compared to the first half of 2024.
Crypto Insight
an hour ago
- Crypto Insight
Indian crypto exchange CoinDCX hacked, $44 million drained
Indian cryptocurrency exchange CoinDCX was hacked on Friday, leaving the exchange drained of $44 million. The hackers compromised one of CoinDCX's internal accounts used for 'liquidity provisions' with another exchange through a server breach. No user funds were affected due to the exploit, according to CoinDCX CEO Sumit Gupta. The CEO also said that all customer funds remain safe and wrote: 'The incident was quickly contained by isolating the affected operational account. Since our operational accounts are segregated from customer wallets, the exposure is only limited to this specific account and is being fully absorbed by us, from our own treasury reserves.' 'The attacker's address was funded with 1 Ether from Tornado Cash and later bridged a portion of the stolen funds from Solana to Ethereum,' onchain sleuth ZachXBT said. Cointelegraph reached out to CoinDCX for comment but was unable to obtain a response by the time of publication. Analyst Infinity Hedge noted that popular Indian exchange WazirX was hacked for $235 million on this exact date, one year ago — a reminder of the persistent cybersecurity threats facing the crypto industry and investors. Other crypto exchanges that fell prey to hackers in the last month Iranian exchange Nobitex was hacked for $100 million on June 18 in a politically-motivated attack by a pro-Israel hacker group calling itself 'Gonjeshke Darande.' After stealing $100 million in the initial hack, the group leaked the source code for the exchange online, further exposing users of the crypto platform. GMX V1, a version of the GMX Protocol perpetual exchange operating on the Arbitrum blockchain network, suffered a cybersecurity exploit on July 9, with the hacker making away with $40 million. However, the hacker returned the stolen funds several days later, accepting a $5 million white hat bounty in return for the $40 million in crypto. Decentralized finance (DeFi) platform Arcadia Finance was the target of a smart contract exploit on Tuesday, leading to $3.5 million in crypto drained by the threat actor. Source:
The National
2 hours ago
- The National
Dubai's Al-Futtaim to buy major stake in Saudi retail group Cenomi
Dubai-based Al-Futtaim is buying a 49.95 per cent stake in Saudi Arabia's retail group Cenomi for 2.5 billion Saudi riyals ($666 million) as the company aims to expand in the Arab world's largest economy. Al-Futtaim has entered into a share purchase agreement with Cenomi's founding shareholders Fawaz Abdulaziz Alhokair, Abdul Majeed Abdulaziz Alhokair, Salman Abdulaziz Alhokair, Saudi FAS Holding Company and FAS Real Estate Company as part of the transaction. The deal involves Al-Futtaim buying 57,325,841 shares at a price of 44 riyals per share in Cenomi Retail, the company said in a statement on Sunday to the Saudi stock exchange, Tadawul, where its shares are traded. Al-Futtaim and Cenomi Retail are also currently negotiating a shareholder loan agreement pursuant to which Al-Futtaim will extend a shareholder loan of an amount not less than 1.3 billion riyals, upon completion of the transaction, to help strengthen Cenomi Retail's balance sheet and support its growth. The transaction, however, is subject to customary regulatory approvals, including clearance from the General Authority for Competition in Saudi Arabia, and other contractual conditions. 'This investment represents substantial foreign direct investment from the UAE private sector and underscores the robust economic partnership between our countries,' Omar Al Futtaim, vice chairman and chief executive of Al-Futtaim, said. 'We see significant opportunities to support Cenomi Retail in enhancing operations, accelerating digital transformation, and expanding its brand portfolio. This partnership also paves the way for further collaborations in the dynamic Saudi market.' Saudi Arabia aims to attract more foreign direct investment as it focuses to diversify its economy away from oil as part of its Vision 2030 programme. It is building mega projects such as Neom, Qiddiya entertainment city, outside Riyadh and the Diriyah Gate in a push to support its real estate sector. In recent years, the kingdom has also introduced laws, including companies law and civil transactions law, to attract more foreign investment. This month, it updated its rules to allow foreigners to buy property in specific zones in Riyadh and Jeddah, with 'special requirements' for home ownership in Makkah and Madinah. It also opened its stock exchange to residents of Gulf countries, who are now allowed to invest directly in the kingdom's main Tadawul market as part of the reform programme. 'Al-Futtaim's global retail footprint, financial strength, and presence in the kingdom make them an ideal strategic investor,' said Fawaz Abdulaziz Alhokair, one of the selling shareholders of Cenomi Retail. 'This strategic investment unlocks significant value for all stakeholders and aligns with Saudi Arabia's Vision 2030 to diversify the economy and attract foreign investment.' Al-Futtaim, a privately held business group, is active in 18 countries in the Middle East, North Africa and Asia, with interests in automotive, financial services, real estate, retail, and health sectors. It represents a portfolio of more than 200 brands, including Toyota, Lexus, Ikea and Marks & Spencer. Cenomi Retail, formed as Fawaz A Alhokair & Co in 1990 by Fawaz, Abdulmajeed and Salman Alhokair, operates 808 stores across 165 shopping malls in eight countries. It currently represents 47 brands, spanning womenswear, children and baby, department stores, shoes and accessories, cosmetics in addition to operating a series of restaurants and coffee shops. Last month, the International Monetary Fund revised Saudi Arabia's economic growth upwards amid the unwinding of production cuts by Opec+ members. The kingdom 's economy is forecast to grow by 3.5 per cent this year, up from a projection of 3 per cent in April, and 3.9 per cent in 2026, an upwards revision of 0.2 percentage points from the last prediction.
