Key Takeaways
- Coinbase’s strategy chief predicts that Bitcoin adoption will increase among Eurozone countries following the Czech Republic’s move.
- The Czech Republic’s acquisition of Bitcoin marks an important step for crypto in the European Union.
John D’Agostino, head of strategy at Coinbase Institutional, says he expects more eurozone countries to buy Bitcoin following the Czech Republic’s moves to acquire the digital asset.
“The fact that a Eurozone central bank is taking it on, it’s a small amount, it’s a million dollars worth of Bitcoin, but they’re putting Bitcoin in their national treasury, and they’re experimenting and learning in real time the use of Bitcoin for payments,” he said.
“That kind of thing is contagious. And I see more eurozone companies following suit soon,” he added.
The Central Bank of the Czech Republic (CNB) has acquired Bitcoin as part of a $1 million test portfolio of digital assets in November 2025. The bank’s portfolio also includes a USD-backed stablecoin and a tokenized deposit.
The purpose of this move is to evaluate Bitcoin’s role in future payments and reserves amid growing institutional adoption, with results to be shared in two to three years.
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