Italian Bank Boosts Cryptocurrency Holdings by Over 130%

Italy's largest bank, Intesa Sanpaolo, has significantly expanded its investment portfolio by increasing its exposure to cryptocurrency assets. According to publicly available data, the bank's crypto-related assets rose from approximately $100 million in the fourth quarter of 2025 to around $235 million as of March 31, 2026.

The bank's largest position is now focused on spot Bitcoin ETFs, with a significant increase in its ARK 21Shares Bitcoin ETF and iShares Bitcoin Trust holdings. Additionally, Intesa Sanpaolo has entered the Ethereum market by purchasing approximately 3.15 million shares of the iShares Staked Ethereum Trust.

The bank has also made a notable investment in XRP, creating a new position worth around $18 million through the Grayscale $XRP Trust. In contrast, its stake in Solana has decreased, with the Bitwise Solana Staking ETF falling from 266,000 to just 2,817.