Italy's biggest bank, Intesa Sanpaolo , has made its first proprietary bitcoin trade, buying 1 million euros ($1 million) of the world's largest digital currency in what CEO Carlo Messina described as "a test".

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.

Italy's biggest bank Intesa Sanpaolo on Monday completed its first proprietary bitcoin trade investing 1 million euros ($1.03 million) into the world's largest digital currency, an internal memo showed.

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,

Italy’s largest bank, Intesa Sanpaolo, made its first Bitcoin trade. This move may encourage more mainstream acceptance in the country. 1.4 million Italians currently hold