• 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

a year 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

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

U.S. Corporate Profitability Boosted by Tax Relief and Federal Reserve Easing

chest

The U.S. corporate landscape is set for a significant boost in profitability as the One Big Beautiful Act is implemented, providing an estimated $129 billion in tax relief through 2026 and 2027. Coupled with the Federal Reserve's anticipated interest rate cuts, this favorable policy mix is expected to drive a bull run in U.S. equities, with analysts projecting the S&P 500 to reach levels between 7,500 and 7,800.

user avatarLi Weicheng

Divergence in Global Economic Growth Trajectories for 2026

chest

As the world approaches the 2026 fiscal year, a significant divergence in economic growth trajectories is emerging between North America and Europe, with the U.S. expected to lead in GDP growth and investment opportunities.

user avatarAisha Farooq

Aster Price Movement Mirrors Analyst's December Predictions

chest

Aster price has been following a pattern predicted by analyst ArdiNSC, showing a significant drop, a relief rally, and current hesitation around key levels.

user avatarMaya Lundqvist

Ethereum Validator Exit Queue Reaches Zero, Signaling Positive Market Conditions

chest

Ethereum's validator exit queue has officially dropped to zero, signaling improved network health and reduced sell pressure.

user avatarLeo van der Veen

Morgan Stanley's Mike Wilson Predicts US Market Growth by 2026

chest

Mike Wilson, CIO of Morgan Stanley, predicts substantial growth for the US stock market by 2026, citing the stabilizing effect of Federal Reserve policies and economic recovery.

user avatarTenzin Dorje

Bearish Indicators Emerge for World Liberty Financial WLFI

chest

WLFI's Moving Average Convergence Divergence (MACD) indicates a bearish shift, suggesting potential downside pressure.

user avatarMohamed Farouk

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.