• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: New Pro-Crypto Plan Unveiled By SEC And CFTC: Could Traditional Markets Go 24/7?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: New Pro-Crypto Plan Unveiled By SEC And CFTC: Could Traditional Markets Go 24/7?
Bitcoin

Crypto Goes Mainstream: Italy’s Biggest Bank Buys 11 Bitcoins For $1 Million

Christian Encila
by Christian Encila
7 months ago
·
Posted in Bitcoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The biggest bank in Italy, Intesa Sanpaolo, has finally entered the world of cryptocurrencies by buying 11 bitcoins worth over $1 million, Reuters reported. The move marks a significant moment in the financial institution’s history as it becomes the first Italian bank to make a direct investment in digital assets.

Related Reading: Crypto Regulation Exchange: NYDFS And Bank Of England Form Alliance

A Bold Step Toward Digital Finance

This step emphasizes Intesa Sanpaolo’s efforts to improve its financial strategies. The bank had introduced its in-house digital asset trading desk in 2023 and began spot cryptocurrency trading in 2024. Intesa Sanpaolo buys bitcoin as a means of staying ahead of the curve in the new financial world, a testament that traditional banking will not be left behind in the blockchain-based assets.

Timing Is Everything

The move comes at an important juncture for the cryptocurrency market, which has seen Bitcoin’s value more than double in 2024, fueled also by favorable regulatory developments in the United States.

Approving Bitcoin exchange-traded funds (ETFs) and pro-business economic policies under incoming US President Donald Trump, the asset has attracted further attention. Experts predict bitcoin could reach $100,000 by the end of 2025, a development that increased focus from institutional investors.

Intesa Sanpaolo makes history as the first Italian bank to invest in #Bitcoin. 🇮🇹 🏦https://t.co/FYci5gXTxp

— CCN (@CCNDotComNews) January 14, 2025

Navigating The Divide Between Tradition And Innovation

Intesa Sanpaolo is closing the gap between legacy banking systems and the innovative potential of blockchain technology. Its foray into digital currency will perhaps encourage other financial institutions in Italy and across Europe to take such a step, potentially speeding up the adoption of cryptocurrencies in mainstream finance.

Bitcoin’s Growing Influence

Bitcoin’s steady climb in value and increased institutional adoption have reshaped its narrative from a speculative asset to a legitimate financial tool. With Intesa Sanpaolo’s entry into the market, the influence of digital currencies continues to grow, challenging long-held perceptions of what constitutes a “safe” investment.

BTCUSD trading at $97,013 on the daily chart: TradingView.com

This happens in the case of a bank’s investment in bitcoin, where traditional finance converges with digital assets. In this case, the extent to which blockchain technology might be adopted in the banking sector may rise in relation to the growth of the cryptocurrencies in the global economy.

Related Reading: Hong Kong Digital Asset Group Gets Crypto License In UAE

In leaping into the crypto market, Intesa Sanpaolo confirms the potential for bitcoin and showcases the bank’s willingness to innovate within an ever-changing financial world. This is a small step in monetary terms, but it represents a giant leap in signaling that cryptocurrencies will indeed coexist with the traditional financial system.

Among The Most Valuable Firms

At 247 out of the top 250 most valuable firms, Intesa Sanpaolo now boasts a market valuation of around $73 billion. Today’s share price is somewhat higher—up over 2%.

Reuters claims Intesa manages spot trading for various cryptocurrencies in addition to having a proprietary trading desk set up over the previous few years.

After falling over 5% on Monday and reaching a low of about $89,510, BTC is up 2.3% on Wednesday, trading above $97,000.

Featured image from Roberto Moiola / Sysaworld / Getty Images, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Bitcoin Buying Frenzy Ahead As Eric Trump Predicts ‘Floodgates Are Opening’

Bitcoin Buying Frenzy Ahead As Eric Trump Predicts ‘Floodgates Are Opening’

6 hours ago
Bitcoin

Corporate Bitcoin Allocation Climbs As Companies Invest 22% Of Profits: Study

1 day ago
Bitcoin

Bitcoin Payments Now Accepted By Top UAE Developer For Real Estate

1 day ago
cours-or-nouveau-record-chute-btc

Record de l’or et chute du Bitcoin : que se passe-t-il ?

3 days ago
Metaplanet

Metaplanet Pushes Bitcoin Holdings Over $2 Billion With New Purchase

4 days ago
Bitcoin

Bitcoin Mining Can’t Keep Up: Companies Buying At Quadruple Pace – Report

4 days ago

Premium Sponsors

Press Releases

  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    4 hours ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    4 hours ago
  • miner

    Cardano (ADA) Market Outlook: Long-term Potential Passive...

    4 hours ago
  • etnminer

    How to Play to Earn Crypto in 2025: Discover 6 Most...

    10 hours ago
  • miner

    BAY Miner Cloud Mining App Launches with ETH and BTC Users...

    10 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.