Intesa Sanpaolo Makes Its First Proprietary Bitcoin Investment
Italy’s largest bank, Intesa Sanpaolo, has completed its first proprietary bitcoin trade, investing $1.03 million into the world’s leading cryptocurrency, according to an internal memo. The document, which Reuters reviewed, revealed that the bank now owns 11 bitcoin as of January 13, 2025.
Intesa launched a proprietary trading desk for digital assets in 2023 and began handling spot cryptocurrency trades last year. This milestone signals the bank’s growing commitment to the digital asset space.
Bitcoin’s value surged more than 100% in 2024, driven by the U.S. Securities and Exchange Commission’s approval of exchange-traded funds tied to bitcoin’s spot price and optimism surrounding regulatory changes under incoming U.S. President Donald Trump. Currently hovering near the $100,000 mark, analysts predict bitcoin could more than double in value by the end of 2025.
Have you read?
Countries: Powerful Passports.
Countries: Richest.
Countries: Poorest.
Countries: Happiest.
Countries: Life Expectancy.
Bring the best of the CEOWORLD magazine's global journalism to audiences in the United States and around the world. - Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2025 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
