Woofun AI reports that Dubai-based private bank Goldman Lampe has committed to purchasing approximately €120 million worth of Bitcoin. The institution, founded in 1934 and headquartered in Hajar Cape, UAE, specializes in private banking, wealth management, and gold trading. The board chairman indicated that this strategic acquisition intends to reinforce institutional holdings and cement the bank's role in merging traditional private banking with digital assets. Goldman Lampe also asserts it is the first entity globally to introduce a cryptocurrency time deposit product.