UAE Private Bank Goldman Lampe Increases Bitcoin Holdings with €120 Million Purchase

Odaily Odaily reported that Goldman Lampe Private Bank, a private bank in the UAE, announced it had purchased approximately €120 million worth of Bitcoin (BTC) during the recent crypto market correction, further expanding its digital asset holdings. The bank had previously also launched cryptocurrency fixed deposit products. Its Board Chairman, Abdullah Hamad Al Shamsi, stated that this market correction provides an opportunity for institutions to enhance their digital asset allocations, and Bitcoin will continue to demonstrate its resilience as a store of value and strategic asset. (Globenewswire)