Italy's Intesa Sanpaolo bank enters cryptocurrency market, buys Bitcoin for over $1 million.

Italy's largest bank, Intesa Sanpaolo, has entered the cryptocurrency market by purchasing 11 Bitcoin for over $1 million. The bank, which already manages spot trading for other cryptocurrencies, now owns the Bitcoin as part of its proprietary trading activities. This move comes amid fluctuating Bitcoin prices, with the cryptocurrency reaching above $96,500 on Tuesday after a drop on Monday.

January 14, 2025
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