en.bitcoinsistemi.com
14 January 2025 06:24, UTC
The institutional Bitcoin adoption initiated by MicroStrategy founder Michale Saylor is setting an example for the entire world.
At this point, while many companies are purchasing $BTC, the latest news came from Italy.
Accordingly, Italy's largest bank, Intesa Sanpaolo, purchased 11 $BTC and became the first Italian bank to invest directly in crypto money.
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According to the report by Italian media outlet Criptovaluta, the country's largest banking group, Intesa Sanpaolo, purchased 11 $BTC worth 1 million euros.
While the acquisition is the first direct investment in cryptocurrency by an Italian financial institution, it remains unclear whether the move is a sign of the bank’s intention to expand into crypto services or is simply an exploratory investment into crypto.
The bank also invested in Italy’s first blockchain-based digital bond, worth 25 million euros ($25.6 million), to be issued on the Polygon blockchain by development bank Cassa Depositi e Prestiti in July 2024, the bank said.
*This is not investment advice.
