Intesa Sanpaolo: Italy's Largest Bank Buys $1M Worth of Bitcoin
In yet another sign of the growing prominence of the leading cryptocurrency, Intesa Sanpaolo, Italy’s largest bank, has purchased $1 million worth of Bitcoin. Indeed, the acquisition was the first of its kind for the financial institution, according to an internal memo. The total $1.03 million purchase netted the bank a total of 11 BTC, according to a Reuters report. Moreover, local news outlets have reported that Intesa Sanpaolo has officially become the first Italian bank to purchase any cryptocurrency directly. JUST IN: Italy's largest bank, Intesa Sanpaolo, buys $1 million worth of Bitcoin. — Watcher.Guru (@WatcherGuru) January 14, 2025 Also Read: BlackRock: Crypto has “Outpaced” Growth of Mobile Phones and Internet Italy’s Largest Bank Buys Bitcoin in Groundbreaking Move The cryptocurrency market entered 2025 on the heels of its most important year to date. One year ago, the United States approved the first crypto-based ETF that set the asset class on a new...