Banking giant Intesa Sanapolo discloses $100 million bitcoin ETF holdings, along with Strategy hedge

The bank also holds a large put option position on Strategy, potentially capitalizing on the company trading above the value of its BTC holdings. What to know : Intesa Sanpaolo disclosed $96 million in bitcoin ETF holdings, including ARK 21Shares Bitcoin ETF and iShares Bitcoin Trust. The bank also holds a large put option position on Strategy, potentially capitalizing on the company trading above the value of its BTC holdings. The filing used the Share-Defined designation, which suggests the investment decisions were made jointly by Intesa Sanpaolo and executed by affiliates.