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What will be the impact of Intesa Sanpaolo's Bitcoin purchase on Italian banking by end of 2025?
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Resolution / Starting Odds
Other banks follow suit • 25%
No significant impact • 25%
Increased regulatory measures • 25%
Other outcomes • 25%
Reports from Italian banking sector analyses or major financial news outlets
Story
Intesa Sanpaolo Becomes First Italian Bank to Buy Bitcoin, Acquires 11 BTC for €1M
Jan 14, 2025, 02:18 AM
Intesa Sanpaolo, Italy's largest bank by total assets, has made its first direct investment in Bitcoin, purchasing 11 BTC for approximately €1 million ($1 million). This transaction marks the first time an Italian bank has invested directly in cryptocurrency. The purchase was confirmed by the bank's press office following a leak of an internal email on the online forum 4chan. The email, reportedly from Niccolò Bardoscia, head of the bank’s Trading and Investment division for Digital Assets, celebrated the successful completion of the bank's first Bitcoin trade. Despite the confirmation, Intesa Sanpaolo has not disclosed its motivations or future plans regarding Bitcoin investments.
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Yes • 50%
No • 50%
No • 50%
Yes • 50%
51-75% • 25%
76-100% • 25%
0-25% • 25%
26-50% • 25%
Between €5 million and €10 million • 25%
Less than €1 million • 25%
Between €1 million and €5 million • 25%
More than €10 million • 25%
Decrease by 0-50% • 25%
Decrease by more than 50% • 25%
Increase by more than 50% • 25%
Increase by 0-50% • 25%
Ethereum • 25%
Bitcoin • 25%
Other • 25%
Ripple • 25%
Other • 25%
Cardano • 25%
Ethereum • 25%
Ripple • 25%