Italy's biggest bank, Intesa Sanpaolo , has made its first proprietary bitcoin trade, buying 1 million euros ($1 million) of the world's largest digital currency in what CEO Carlo Messina described as "a test".

Intesa Sanpaolo makes a historic move by purchasing 11 bitcoin, signaling a shift in Italy’s approach to digital assets.

Italy’s biggest bank, Intesa Sanpaolo, has acquired Bitcoins in a $1.03 million purchase. As of today, January 13, 2025, the bank owns 11 Bitcoins. Intesa Sanpaolo has now become the first bank in Italy to gain direct exposure to cryptocurrencies.

Italy's largest bank, Intesa Sanpaolo, buys $1M in Bitcoin, marking its first spot purchase amid growing institutional crypto adoption.

Italy's biggest bank Intesa Sanpaolo on Monday completed its first proprietary bitcoin trade investing 1 million euros ($1.03 million) into the world's largest digital currency, an internal memo showed.

Intesa Sanpaolo, the country's largest bank, has ventured into the cryptocurrency market by purchasing $1 million worth of Bitcoin (BTC).

While the purchase was confirmed, the banking group declined to elaborate on its motivations or potential future strategies involving Bitcoin

Banking giant Intesa Sanpaolo, which has a market cap of $73 billion, has made its first crypto purchase.

Italy's biggest bank, Intesa Sanpaolo, has made its first proprietary bitcoin trade, buying 1 million euros ($1 million) of the world's largest digital currency in what CEO Carlo Messina described as "a test".

Intesa Sanpaolo, the Italy's biggest bank has made its first proprietary Bitcoin purchase, buying roughly 1 million euros ($1 million) worth of the cryptocurrency. The lender bought 11 Bitcoin on Monday,