Crypto Daily – Italian banking giant Intesa Sanpaolo (BIT:) has taken its first cautious steps in trading by purchasing $1 million worth of the crypto as a strategic test to meet client demand.
Intesa Sanpaolo Makes First BTC Purchase
Intesa Sanpaolo, Italy’s largest bank by assets, has entered the cryptocurrency market with its first proprietary Bitcoin trade. The bank purchased 11 Bitcoin, valued at approximately $1 million, marking a strategic test of digital assets. This development was confirmed by a leaked internal email from Niccolò Bardoscia, head of digital assets trading at the bank.
In the email, Bardoscia stated,
“As of today 13/01/2025, Intesa Sanpaolo owns 11 Bitcoins. Thanks to everyone for the teamwork, this result would not have been possible without each of you.”
A Cautious Entry into Cryptocurrency
While the purchase…
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