Italy’s largest bank more than doubles crypto holdings to $235M in Q1: Report

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Source: Criptovaluta.it On the other hand, the bank reduced its Solana holdings, which had featured prominently in the prior quarter. Its position in the Bitwise Solana Staking ETF slashed from 266,320 shares to just 2,817, a near-total exit. Related: Banking Circle Joins Europe's Stablecoin Settlement Race On the equities side, the bank made several adjustments to its crypto stock holdings. It added 165,600 shares of BitGo for the first time, while dumping the Bitmine position. The bank also closed out its put options on Strategy and trimmed its stake in Cantor Equity Partners II, the vehicle through which tokenization firm Securitize is set to list. Coinbase shares also increased from 1,500 to 10,357. The moves come as Intesa deepens its ties to the digital asset sector. Last month, Ripple announced it would offer its custody services to the Italian banking group. Intesa shares closed at 5.74 euros on Friday, down 1.56% on the day and off 3.14% year-to-date, according to Yahoo! Finance. Related: Europe Bitcoin Treasury Model Won't Mirror Strategy: PBW 2026 More European banks are moving into crypto, with Spain’s BBVA, France’s BPCE and Belgium’s KBC among those already live with retail trading services. BBVA became the first major Spanish bank to offer 24/7 Bitcoin and Ether trading through its mobile app, while BPCE launched in-app crypto trading via regulated subsidiary Hexarq, targeting 12 million customers by 2026. At the infrastructure level, a consortium of 12 major European banks, including BNP Paribas, ING, UniCredit and Deutsche Bank, formed Qivalis to issue a MiCA-compliant euro-backed stablecoin, targeting a launch in the second half of 2026. Magazine: Guide to the top and emerging global crypto hubs — Mid-2026 More on the subject

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