Intesa Sanpaolo Makes First Bitcoin Investment
- Intesa Sanpaolo, Italy’s largest bank, purchased 11 Bitcoins.
- The investment was approximately 1 million euros (US$1 million).
- This marks the first direct crypto investment by an Italian bank.
- The purchase was confirmed by Intesa Sanpaolo’s press office.
- Niccolò Bardoscia, head of Digital Assets Trading and Investment, signed the acquisition email.
Intesa Sanpaolo’s acquisition of 11 Bitcoins for around 1 million euros is a significant milestone in Italy’s financial sector as it becomes the first Italian bank to directly invest in cryptocurrency. The confirmation came from their press office following a leaked internal email.
