The Swiss National Bank is reportedly increasing its exposure to bitcoin albeit indirectly by upping its shares in Michael Saylor’s Strategy, and other BTC-related firms according to a report from The Big Whale, who spoke to various Swiss bankers and BTC think tanks about the bank’s approach to the asset.

A report circulating through Protos and The Big Whale says the Swiss National Bank (SNB) is increasing its indirect exposure to bitcoin by adding more shares of Strategy, the bitcoin-focused company led by Michael Saylor, rather than buying BTC directly. The reporting says the bank also holds shares in other bitcoin-linked companies such as Riot Platforms, CleanSpark, Cipher Mining, Hut 8, and Trump Media, but that these positions remain a very small part of its overall portfolio. The broader context is that the SNB has publicly rejected direct bitcoin purchases. According to the cited reporting, SNB President Martin Schlegel has argued that bitcoin is too volatile, not liquid enough for reserve management, and lacks the legal and operational qualities the central bank requires. The significance of the story is the tension between that public stance and the bank’s continued accumulation of Strategy shares, which critics and observers interpret as a de facto bitcoin proxy; the reporting frames this as modest but potentially deliberate exposure, while also noting that these holdings amount to only a tiny fraction of the SNB’s assets.

✨ AI-generated background, compiled from web sources — not editorial content.

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