UAE private bank Goldman Lampe invests 120 million euros to increase holdings of bitcoin

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