Intesa Sanpaolo, Italy's largest bank, saw its cryptocurrency holdings more than double to $235 million in the first quarter.

CoinFeed reported on May 17th that, according to Cointelegraph, Intesa Sanpaolo, Italy's largest bank, more than doubled its cryptocurrency exposure in the first quarter of this year, increasing its holdings from approximately $100 million by the end of 2025 to approximately $235 million. This growth was primarily driven by an expansion of its Bitcoin holdings, with the bank increasing its holdings in the ARK 21Shares Bitcoin ETF and the BlackRock iShares Bitcoin Trust ETF. Furthermore, the bank made its first foray into the Ethereum space through the BlackRock iShares Staking Ethereum Trust and purchased approximately $26 million worth of XRP through the Grayscale XRP Trust ETF.