Goldman Lampe Private Bank Buys €120 Million in Bitcoin
UAE-based Goldman Lampe Private Bank announced Monday that it has acquired €120 million (approximately $137 million) in Bitcoin. The transaction marks a notable treasury-style allocation for the private bank and highlights a growing appetite for digital assets among financial institutions in the Middle East.
In a statement, the bank said the purchase reflects its conviction in digital assets as a long-term store of value. Goldman Lampe cited Bitcoin's resilience as a strategic asset, aligning with a broader shift among select banks to diversify holdings beyond traditional fiat currencies and commodities.
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@bitcoinmagazineJUST IN: 🇦🇪 UAE-based Goldman Lampe Private Bank purchases €120 million of Bitcoin 🚀 “Bitcoin continues to demonstrate remarkable resilience as a store of value and strategic asset,” said the bank.
@coingeckoNEWS: Goldman Lampe Private Bank purchases €120M of Bitcoin, citing it reflects its conviction in digital assets as a long-term store of value.
@bitcoinnewsJUST IN: 🏦💸 UAE-based Goldman Lampe Private Bank has acquired €120 million in $BTC, the institution announced Monday. The purchase totals roughly $137 million, marking a significant #Bitcoin acquisition by a private bank in the region. htt