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Coin Edition 2026-05-16 17:46:24

Italy’s Largest Bank Raises Crypto Exposure to $235M in Q1 2026

Intesa Sanpaolo’s crypto-related assets rose from about $100 million to nearly $235 million in Q1. The bank gained Ethereum exposure through the iShares Staked Ethereum Trust. A new Grayscale XRP Trust position held 712,319 shares worth about $18 million. Italy’s largest bank, Intesa Sanpaolo, increased its crypto exposure sharply in the first quarter of 2026. According to Criptovaluta data shared by Wu Blockchain, the bank’s crypto-related assets rose from about $100 million in Q4 2025 to nearly $235 million by March 31. The filing showed a broader shift in the bank’s digital asset strategy. Intesa Sanpaolo increased Bitcoin exposure, entered Ethereum for the first time, added a new XRP position, and sharply reduced its Solana holdings during the quarter. Intesa Expands Crypto Holdings Intesa Sanpaolo’s Q1 portfolio showed larger exposure across se… Read The Full Article Italy’s Largest Bank Raises Crypto Exposure to $235M in Q1 2026 On Coin Edition .

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