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Italy's Intesa buys 1 million euros in bitcoin in first proprietary trade
Italy's biggest bank Intesa Sanpaolo on Monday completed its first proprietary bitcoin trade investing 1 million euros ($1.03 million) into the world's largest digital currency, an internal memo showed. Intesa set up a proprietary trading desk for digital assets in 2023 and last year started handling spot trades with cryptocurrencies. "As of today, Jan. 13, 2025, Intesa Sanpaolo owns 11 bitcoin," the internal message, of which Reuters saw a copy, said. Bitcoin more than doubled in value in 2024, driven by the U.S. markets regulator's approval for exchange-traded funds tied to its spot price, and optimism over ... (full story)
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- Posted: Jan 14, 2025 7:35am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 192
