Italy's biggest bank, Intesa Sanpaolo , has made its first proprietary bitcoin trade, buying 1 million euros ($1 million) of the world's largest digital currency in what CEO Carlo Messina described as "a test".

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.

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.

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

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

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

Banca Intesa Sanpaolo has become the first credit institution in Italy to conclude a direct crypto transaction.

Intesa Sanpaolo, Italy’s largest bank by assets and a major player in the European financial landscape, has officially entered the Bitcoin market. According to a report from Reuters, the bank purchased 11 BTC valued at over $1 million on January 13,