Italy’s largest bank enters crypto market with $1M Bitcoin investment
Intesa Sanpaolo has become Italy’s first bank to make a Bitcoin investment after buying more than $1 million worth of BTC during a period of growing institutional interest.
Italy’s largest bank, Intesa Sanpaolo, became the first Italian bank to make a Bitcoin investment, purchasing 11 BTC for about 1 million euros ($1.02 million) on Jan. 13.
The investment comes just over a month after Bitcoin (BTC) surpassed the $100,000 mark in December.
The news emerged from a leaked internal email by Niccolò Bardoscia, head of digital assets trading at Intesa Sanpaolo. In the email, Bardoscia wrote, “As of today 13/01/2025, Intesa Sanpaolo owns 11 Bitcoins. Thanks to everyone for the teamwork, this result would not have been possible without each of you.”
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Author: Zoltan Vardai
