Goldman Sachs · Bitcoin · United Arab Emirates · Bitcoin Magazine
UAE-Based Goldman Lampe Private Bank Picks up $137 Million in Bitcoin
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Goldman Lampe Private Bank purchased €120 million (roughly $137 million) worth of Bitcoin, the UAE-based institution announced Monday.
Key facts
- Bitcoin entered June 2026 trading near $73,674 and has since fallen to around $58,500 as of this morning— a decline of roughly 18% for the month
- Goldman Lampe Private Bank purchased €120 million (roughly $137 million) worth of Bitcoin, the UAE-based institution announced Monday
- Goldman Lampe Private Bank has purchased €120 million (roughly $137 million) worth of Bitcoin, the UAE-based institution announced Monday, timing the buy to coincide with a recent pullback
- Bitcoin is down roughly $48,000 from its price one year ago, though that comparison reflects what was a period of peak pricing in mid-2025
Summary
Goldman Lampe Private Bank has purchased €120 million (roughly $137 million) worth of Bitcoin, the UAE-based institution announced Monday, timing the buy to coincide with a recent pullback in cryptocurrency markets. The Ras al Khaimah-headquartered bank said the acquisition strengthens its institutional Bitcoin holdings and reflects its conviction in digital assets as a long-term store of value. “Bitcoin continues to demonstrate remarkable resilience as a store of value and strategic asset,” said Abdullah Hamad Al Shamsi, Chairman of the Board. Goldman Lampe did not disclose the exact number of Bitcoin acquired, the price at which the purchase was executed, or the bank’s total Bitcoin holdings to date.