A private bank based in the UAE has put €120 million into Bitcoin, positioning the purchase as a long-term conviction bet on digital assets as a store of value.
Goldman Lampe Private Bank, which operates out of the United Arab Emirates, made the allocation during a period of broader market recalibration.
What we know about the purchase
The €120 million Bitcoin acquisition, roughly $134 million at current exchange rates, represents a meaningful commitment for a private banking institution. Goldman Lampe framed the purchase explicitly as a store-of-value allocation, not a speculative trade.
This isn’t the institution’s first foray into crypto. Goldman Lampe previously launched a crypto time deposit product, which allowed clients to earn yield on digital asset holdings. The bank has also been associated with Monero-related products and previously claimed a €150 million Monero acquisition, suggesting a broader appetite for digital assets beyond just Bitcoin.
