Galaxy Digital, the crypto-focused financial services firm led by billionaire Mike Novogratz, has just received a major Bitcoin transfer from Jump. Two hours ago, the company took in 501 BTC, worth around $53 million. Over the past three days, Galaxy Digital has acquired a total of 1,001 BTC from Jump, valued at roughly $105.32 million.
This latest move further strengthens Galaxy Digital’s Bitcoin holdings, which now stand at 4,377 BTC, with a total market value of approximately $46.237 million. The large-scale transfer suggests strong institutional interest in Bitcoin, despite recent market fluctuations.
Galaxy Digital has been actively expanding its crypto operations, from trading to asset management. The firm’s growing BTC reserves highlight its confidence in Bitcoin’s long-term potential. Meanwhile, Jump, a major player in crypto market-making, appears to be adjusting its positions, possibly reallocating assets amid changing market conditions.
As institutional adoption grows, moves like this could signal broader trends in crypto investment strategies. With Bitcoin’s price remaining volatile, major holders like Galaxy Digital continue to play a key role in shaping the market’s future.
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