• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Intesa Sanpaolo Makes First Bitcoin Purchase Among Italian Banks

user avatar

by Giorgi Kostiuk

3 months ago


Intesa Sanpaolo, Italy's largest bank, became the first in the country to directly purchase Bitcoin, potentially reshaping the approach to digital assets.

Breaking Tradition

Rumors of the Bitcoin acquisition arose on 4chan with screenshots of emails from Niccolò Bardoscia, head of digital asset trading. The messages indicated Intesa Sanpaolo's purchase of 11 BTC. Wired Italia confirmed the details. The bank previously used the Polygon network to issue Italy's first digital bond.

Institutional Adoption

The move aligns with the institutional investment trend pioneered by MicroStrategy. Japanese investment firm Metaplanet and KULR Technology Group are also heavily investing in Bitcoin, signaling increasing interest from major players.

Market Implications

The purchase of Bitcoin by Italy's largest bank could shift the country's conservative stance on cryptocurrencies and highlight digital assets' importance in the modern economy.

Intesa Sanpaolo's Bitcoin acquisition demonstrates a shift in the banking sector's attitude towards cryptocurrencies and may be a significant step towards their recognition in the financial industry.

0

Share

Other news

Nexchain: A Promising Project at the Intersection of Blockchain and AI

Nexchain represents a new project in the blockchain market integrating AI for high speed and efficiency.

user avatarGiorgi Kostiuk

7 minutes ago

Crypto Fear & Greed Index Signals Recovery

Crypto Fear & Greed Index rises to 25, indicating increased investor confidence despite caution.

user avatarGiorgi Kostiuk

8 minutes ago

Dollar Shows Strength While Euro Weakens: Analyzing Forex Trends

Exploring recent shifts of the dollar and euro in the Forex market and their implications for the economy and traders.

user avatarGiorgi Kostiuk

9 minutes ago

OKX Fined €1.1 Million by Malta for AML Violations

Crypto exchange OKX fined €1.1 million by Malta for systematic breaches of anti-money laundering regulations.

user avatarGiorgi Kostiuk

11 minutes ago

How the Energy Crisis is Shaping Bitcoin Mining in 2025

In 2025, rising electricity prices reshape the Bitcoin mining landscape, creating demand for cloud solutions to reduce costs.

user avatarGiorgi Kostiuk

16 minutes ago

Strategic Cooperation Between Kyrgyzstan and Changpeng Zhao to Develop Blockchain

Kyrgyzstan has signed a Memorandum of Understanding with Changpeng Zhao to develop blockchain infrastructure and cryptocurrency.

user avatarGiorgi Kostiuk

19 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.