BlockBeats News, June 30th, Goldman Lampe Private Bank, based in Hajar Cape, UAE, announced that it seized the recent opportunity in the crypto market pullback to purchase around €120 million worth of Bitcoin. The bank claims to be the first in the world to launch a cryptocurrency time deposit product. The Chairman of the Board stated that this strategic buy-the-dip move aims to strengthen institutional holdings and solidify its leading position in the convergence of traditional private banking and crypto assets.

The bank, established in 1934 and headquartered in Hajar Cape, UAE, specializes in private banking, wealth management, and gold trading.