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Italy's largest bank, Intesa Sanpaolo, has reportedly entered the Bitcoin market with a €1 million investment, acquiring approximately 11 BTC. This move follows the bank's previous approval for spot crypto trading and reflects a growing trend of institutional interest in Bitcoin, as corporate demand continues to outpace supply. Financial experts suggest that banks are increasingly recognizing Bitcoin's potential for balance sheet recapitalization.
Intesa Sanpaolo, Italy’s largest bank, has made headlines by investing approximately €1 million in 11 Bitcoin, marking a historic first for a major Italian financial institution. This acquisition, confirmed by the bank's head of digital assets, reflects a growing acceptance of cryptocurrency in Italy, despite previous concerns from the central bank governor.In addition to this investment, Intesa Sanpaolo has expanded its digital asset services and successfully issued a €25 million digital bond on the Polygon network. Meanwhile, Italy has updated its cryptocurrency taxation framework, setting a 26% tax rate on digital asset capital gains for 2025, with changes to exemptions impacting small investors.
Niccolo Bardoscia
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Intesa Sanpaolo invests one million euros in Bitcoin market expansion
15:04 14.01.2025
Intesa Sanpaolo makes historic Bitcoin investment of one million euros
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