Italy’s biggest bank, Intesa Sanpaolo, has acquired Bitcoins in a $1.03 million purchase. As of today, January 13, 2025, the bank owns 11 Bitcoins. Intesa Sanpaolo has now become the first bank in Italy to gain direct exposure to cryptocurrencies.

While the purchase was confirmed, the banking group declined to elaborate on its motivations or potential future strategies involving Bitcoin

Intesa Sanpaolo, the Italy's biggest bank has made its first proprietary Bitcoin purchase, buying roughly 1 million euros ($1 million) worth of the cryptocurrency. The lender bought 11 Bitcoin on Monday,