What to know:
- Italy’s largest bank by assets, Intesa Sanpaolo, has purchased 11 BTC worth $1 million.
- Intesa set up a proprietary trading desk for digital assets back in 2023
The largest bank in Italy, Intesa Sanpaolo, valued at approximately $73 billion, has acquired 11 Bitcoins for more than a million dollars, as reported by Reuters. This move indicates that Bitcoin is becoming increasingly integrated into conventional finance. It’s worth noting that Intesa Sanpaolo already had a trading desk dedicated to cryptocurrencies and also facilitates transactions for other digital currencies. The price of Bitcoin has risen by 2% today, trading at over $96,500 after experiencing a 5% drop on Monday, reaching a low of around $89,400.
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2025-01-14 14:12