Italy’s largest bank Intesa Sanpaolo enters Bitcoin market with initial €1 million investment
Intesa Sanpaolo, Italy's largest bank, has reportedly acquired €1 million worth of Bitcoin, approximately 11 BTC, as indicated in an internal email from Niccolo Bardoscia, head of the bank's digital asset division. The acquisition has not been officially confirmed by the bank but has been reported by credible media outlets. This move follows the bank's previous approval for spot crypto trading and its existing offerings in crypto options, futures, and ETFs. Pierre Rochard from Riot Platforms emphasized the growing recognition of Bitcoin's potential among financial institutions. Intesa Sanpaolo leads digital asset adoption in Italy and is the largest Eurozone bank by market capitalization at €69 billion. Market observers note that Intesa's purchase reflects a broader trend of increased Bitcoin adoption among corporations, with companies collectively purchasing more BTC than newly mined coins in 2025. MicroStrategy is among the prominent corporate buyers, adding approximately 3,600 BTC this year.
