Intesa Sanpaolo Bank of Italy Expands Cryptocurrency Exposure

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ME News: On May 16 (UTC+8), Italy’s UniCredit St. Paul Bank significantly increased its exposure to the cryptocurrency sector in Q1 2026. Its crypto-related assets rose from approximately $100 million in Q4 2025 to about $235 million today. As of March 31, the bank increased its Bitcoin holdings and made its first Ethereum purchase via iShares Staked Ethereum Trust. In addition, it held 712319 shares of Ripple through Grayscale XRP Trust (worth about $18 million), while reducing its exposure to Solana. (Source: MLion)
BTC0.62%
ETH0.6%
XRP-0.52%
SOL0.71%
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Half-MeltedIceCreamUnderThe
· 6h ago
$235 million isn't a big deal for Banco do Brasil, but the signaling is off the charts.
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0xLateDinner
· 10h ago
Buying cryptocurrency trusts through banks instead of holding coins directly, the traditional path prioritizing compliance
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On-ChainCheatSheetKing
· 10h ago
It wasn't revealed until Q1 2026, the information lag is a bit serious.
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Half-MeltedIceCreamPosition
· 10h ago
Solana is being de-leveraged, and institutions are starting to pick their preferred sectors.
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