Intesa Sanpaolo makes first spot Bitcoin purchase By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2025
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Source: Investing.com
Intesa Sanpaolo's Bitcoin Purchase: Italy's largest banking group, Intesa Sanpaolo, has made its first spot transaction by purchasing approximately 1 million euros worth of Bitcoin, acquiring 11 BTC as part of its expanded crypto operations.
Expansion into Cryptocurrency: The bank has established a proprietary crypto trading desk and received internal approvals for conducting spot crypto purchases, moving beyond its previous activities limited to trading crypto options, futures, and ETFs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
