Intesa Sanpaolo Buys 11 BTC for €1 Million, Marking First Italian Bank to Invest in Bitcoin

Jan 14, 2025, 07:19 AM

Intesa Sanpaolo, Italy's largest bank, has made its first direct investment in Bitcoin, purchasing 11 BTC for approximately €1 million ($1.02 million). This move marks the bank as the first Italian financial institution to invest directly in cryptocurrency. The purchase was confirmed by the bank following speculation sparked by a leaked internal email. The transaction was executed on January 13, 2025, and aligns with a growing trend of institutional interest in digital assets globally.