Intesa Sanpaolo, Largest Italian Bank by Total Assets, Buys 11 BTC for Over $1M

Intesa Sanpaolo, Largest Italian Bank by Total Assets, Buys 11 BTC for Over $1M



2025f0d87e47efe116461f54a06b8a12d91c683d-3660x2690 Intesa Sanpaolo, Largest Italian Bank by Total Assets, Buys 11 BTC for Over $1M

Bitcoin (BTC), continues to get further entrenched into the traditional finance system. Italy’s largest bank by assets, Intesa Sanpaolo, has bought 11 BTC for over $1 million, according to a Reuters report.

Reuters saw an internal message that said, “As of today, Jan. 13, 2025, Intesa Sanpaolo owns 11 bitcoins”.

Intesa Sanpaolo currently has a market capitalization of roughly $73 billion, putting it at 247 out of the top 250 most valuable companies. The share price is slightly higher today, up over 2%.

According to Reuters, Intesa has had a proprietary trading desk in place for the past few years and also handles spot trading for other cryptocurrencies.

BTC is up 2% on Tuesday, trading over $96,500, after plunging over 5% on Monday, touching a low of around $89,400.





Source link

no_profile Intesa Sanpaolo, Largest Italian Bank by Total Assets, Buys 11 BTC for Over $1M
Author: mgrdm

Intesa Sanpaolo, Largest Italian Bank by Total Assets, Buys 11 BTC for Over M
Intesa Sanpaolo, Largest Italian Bank by Total Assets, Buys 11 BTC for Over $1M

We will be happy to hear your thoughts

Leave a reply

MGR Digital Marketing
Logo
Register New Account
Compare items
  • Total (0)
Compare
0
Shopping cart
On 16 year old pleads guilty to murder in colorado school shooting. Be the first to review “the mammoth book of dieselpunk (mammoth books)”.