Italian Giant Announces $100 Million Investment in Bitcoin (BTC) and This Altcoin!

As Bitcoin (BTC) adoption continues to grow, the latest news comes from Italy.

According to Coindesk, Intesa Sanpaolo, Italy’s largest bank, announced that it holds $96 million in spot Bitcoin ETFs.

Accordingly, in its 13F filing for the quarter ending December 2025, the bank disclosed that it holds a $96 million spot Bitcoin ETF and a Strategy (MSTR) put option.

The notification stated that there are a total of five spot bitcoin ETF positions, with a total risk exposure of slightly over $96 million: $72.6 million in the ARK 21Shares Bitcoin ETF and $23.4 million in the iShares Bitcoin Trust.

The bank’s other cryptocurrency-related assets include a $4.3 million Solana (SOL) staking ETF and $4.4 million worth of Circle shares.

The bank also holds a large put option position worth approximately $184.6 million against Strategy, the largest institutional Bitcoin holder with 714,644 BTC on its balance sheet.

This short position was interpreted as a hedge against Strategy’s stock price becoming overvalued relative to Bitcoin’s asset value (mNAV).

*This is not investment advice.

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