Goldman Lampe Private Bank of UAE Invests €120 Million to Increase Bitcoin Holdings

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