The latest balance sheet snapshot from Italy’s largest bank shows a decisive institutional move into digital assets. Intesa Sanpaolo pushed its crypto-related assets to approximately $235 million during the first quarter of 2026, more than doubling the roughly $100 million held at the end of 2025, as detailed in a market update from citing data from Criptovaluta. The jump was fueled by increased Bitcoin holdings, a debut Ethereum stake, and the accumulation of an XRP position through a regulated trust product, while the bank significantly lightened its exposure to Solana.

The Composition of Intesa’s Crypto Bet

What makes the disclosure notable is not just the size but the breadth. For the first time, Intesa Sanpaolo gained exposure to…