The Swiss National Bank (SNB) is not currently interested in holding bitcoin, but may quickly add it to its reserves at some point. This was announced by the bank’s chairman, Thomas Jordan.
“Buying bitcoin is not a problem for us, we can either do it directly or buy bitcoin-based investment products. We can negotiate technical and operational terms relatively quickly when we are sure we should have bitcoin on our balance sheet. Right now, we don’t think bitcoin qualifies for currency reserves,” he said.
The bank’s reserves as of Dec. 31, 2021, were just over 1 trillion Swiss francs ($1.03 trillion), according to an annual report released in March.