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.
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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.
