The largest banking group in Italy, Intesa Sanpaolo, has become the first in the country to make a direct investment in Bitcoin as it officially enters into the crypto space. The purchase made headlines as a leaked internal email from the Head of Digital Assets Trading & Investments shared the inaugural Bitcoin trade had taken place, with a purchase of 11BTC for €1 million (roughly $1.025 million in USD). The purchase is believed to have been made on January 13 at around 11 am CET, when Bitcoin was trading at approximately $92,800. The email was originally reported by Italian crypto news outlet Criptovaluta.