Intesa discloses $96M Bitcoin ETF stake

Intesa Sanpaolo disclosed approximately $96 million in US-listed spot Bitcoin ETF holdings in its latest Form 13F filing with the US Securities and Exchange Commission for the quarter ended December 31, 2025.

The largest allocation was a roughly $72.6 million position in the ARK 21Shares Bitcoin ETF, followed by about $23.4 million in iShares Bitcoin Trust.

The filing also showed a $4.3 million holding in the Bitwise Solana Staking ETF, expanding the bank’s digital asset exposure beyond bitcoin.

In addition to ETF investments, Intesa listed a put option tied to MicroStrategy, indicating a potential hedge strategy linked to the company’s substantial bitcoin treasury.

Minor equity stakes were also reported in Coinbase and Circle, suggesting a diversified approach to crypto-linked financial instruments.

The disclosure marks a notable step by a major European lender into regulated crypto investment products, underscoring growing institutional adoption through exchange-traded vehicles.

Analysts view the move as part of a broader trend of traditional banks integrating digital asset exposure into portfolios and treasury strategies amid sustained demand for compliant crypto products.

At the time of reporting, Bitcoin price was $67,836.29.