Italy’s Intesa Sanpaolo Acquires 11 Bitcoin for Over $1 Million
Intesa Sanpaolo, Italy's largest bank by assets, has acquired 11 BTC for over $1 million, marking its entry into cryptocurrency investments. Key points include:
- Acquisition confirmed in an internal message dated January 13, 2025.
- The bank's market capitalization is approximately $73 billion, ranking it 247th among the top 250 companies.
- Intesa has operated a proprietary trading desk and engages in spot trading for various cryptocurrencies.
- BTC is currently priced over $96,500, reflecting a 2% increase after a previous drop to around $89,400.