Banking giant Intesa Sanpaolo, which has a market cap of $73 billion, has made its first crypto purchase.

Italy's largest bank, Intesa Sanpaolo, buys $1M in Bitcoin, marking its first spot purchase amid growing institutional crypto adoption.

Intesa Sanpaolo, the country's largest bank, has ventured into the cryptocurrency market by purchasing $1 million worth of Bitcoin (BTC).

Italy's largest bank Intesa Sanpaolo has completed its first proprietary investment in bitcoin, buying €1 million worth of the cryptocurrency as part of what the bank’s chief executive described as a “test.

A few days after the entry into force of the MiCAR, According to Mf, on Monday, Intesa Sanpaolo would have bought 11 bitcoins, entering the crypto market

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.

While the purchase was confirmed, the banking group declined to elaborate on its motivations or potential future strategies involving Bitcoin

Investing.com -- Intesa Sanpaolo (OTC: ISNPY) SpA, Italy's largest banking group, has purchased Bitcoin for the first time in a spot transaction. The bank bought approximately 1 million euros ($1 million) worth of the cryptocurrency, marking its deeper foray into this asset class.