In a groundbreaking development that could reshape the financial landscape of Europe, the Czech Republic’s central bank is considering a bold move: investing billions of euros of its reserves into Bitcoin. Aleš Michl, the governor of the Czech National Bank (CNB), has floated the idea of allocating up to 5% of the bank’s €140 billion ($145.6 billion) reserves into the world’s leading cryptocurrency. If approved, this would mark the first time a Western European central bank has ventured into Bitcoin as a reserve asset.

The Bitcoin ETF landscape is evolving rapidly, with new proposals and innovations aimed at improving efficiency, reducing costs, and enhancing accessibility for institutional and retail investors alike. One of the most significant developments in this space is the push for in-kind redemptions, a mechanism that would transform how Bitcoin ETFs operate. In this post, we’ll explore the latest developments, including the Australian Bitcoin ETF landscape, Monochrome’s in-kind redemption model, and the broader implications for the Bitcoin market.

In a recent preliminary proxy filing with the Securities and Exchange Commission (SEC), MicroStrategy is seeking shareholder approval to significantly expand its authorized class A common stock from 330 million shares to a staggering 10.33 billion shares. This ambitious proposal, if approved, would theoretically provide enough stock at current share prices to acquire all the Bitcoin in circulation—nearly 20 million coins—valued at approximately $95,100 each.