In the midst of summer’s sultry embrace, the venerable Czech National Bank has decided to shuffle its investment portfolio like a card shark at a roulette table—or was it a game of chess? In this latest round, it has graciously increased its stake in the enigmatic realm of Palantir Technologies while simultaneously dipping its toes into the frothy waters of Coinbase Global. One can only imagine the hushed whispers of disbelief echoing through the corridors of the bank as this news was unveiled.
This delightful revelation came via a Form 13F filing, a curious document that investment managers submit to the Securities and Exchange Commission, perhaps akin to a confession of fiscal sins, revealing their coveted US equity holdings for all to scrutinize.
Within this document, it has been disclosed that the bank has acquired a staggering 51,732 shares of Coinbase—valued at a jaw-dropping $18 million! Meanwhile, Palantir, that data analytics darling, saw its fortunes amplified by an additional 49,135 shares, propelling its total holdings to a respectable 519,950 by the end of June. One must wonder if they were taking notes from some cosmic investor guru.
Ah, Palantir! With its stock soaring like a lark, an astounding 80% increase in the first half of 2025 brought joy to its investors—while the S&P 500 languished with a meager 5.5% gain, as though it had forgotten to set its alarm clock.
Coinbase Joins the Elite Club of the S&P 500
In a turn of events that could make even the most stoic of observers chuckle, Coinbase became the first crypto company to waltz right into the S&P 500 in May. For the uninitiated, the S&P 500 is an index that measures the performance of a mere 500 of the largest publicly traded companies in the US—essentially the popular kids’ table at the investment banquet.
With a stock explosion of 41% in the first half of 2025, and an extra 10% in the weeks that followed, Coinbase’s shares looked as if they were indulging in a sugar rush. Indeed, the exchange has enjoyed a stellar rise, up around 60% over the last month alone, as reported by the omniscient Google Finance.
However, all that glitters is not gold, for Coinbase’s total revenue took a 10% plunge quarter-over-quarter, falling to a paltry $2 billion in Q1. It seems that the trading activity across the market has cooled, much like a forgotten cup of coffee left on a windowsill. In a glorious display of irony, the company’s net income plummeted 95% to a mere $66 million—largely due to a staggering $596 million paper loss on its crypto holdings. Ouch!
Transaction revenue dropped 18.9% to $1.26 billion, and trading volumes also declined by 10.5% to $393 billion, suggesting that the once-boisterous crypto market might be feeling the burden of tariffs instituted during the Trump era—what a twist! Yet, in a strange twist of fate, the earnings per share of $1.94 managed to surpass analyst estimates, leaving one to ponder the mysteries of financial fate.
Coinbase Expands Its Crypto Empire
In its relentless pursuit of market dominance, Coinbase has been on a shopping spree, acquiring a bevy of new assets. In May, the firm proudly announced its agreement to acquire the crypto options trading platform Deribit for a staggering $2.9 billion. Oh, to have been a fly on the wall during those negotiations!
Earlier this month, the firm also acquired Liquifi—a token management platform specializing in early-stage tokenization projects. This clever maneuver enhances Coinbase’s capabilities in the ever-complicated world of token cap table management, vesting, and compliance—perhaps positioning it as the benevolent steward for token creators on their noble journeys. One can only raise a proverbial glass to their ambitions!
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2025-07-13 11:31