Large companies successfully absorb Galaxy's $9 billion Bitcoin sale

CEO of Galaxy Digital, Mike Novogratz, stated that the company's sale of 80,000 Bitcoins (worth $9 billion) to an investor from the Satoshi era was almost immediately absorbed by the market. According to him, this is due to the high demand from businesses actively buying Bitcoin.

Corporate capital is the main driving force

Novogratz mentioned that this buying spree mainly comes from companies with a "Bitcoin treasury" strategy, including major names like #strategy (formerly MicroStrategy) and Trump Media & Technology Group. These two companies alone have purchased tens of thousands of Bitcoins, helping to balance the enormous supply just sold by Galaxy Digital.

He also noted that this trend is not limited to $BTC but has also spread to $ETH , with companies like SharpLink Gaming and BitMine Immersion continuously buying hundreds of millions of dollars each week.

The profit of #GALAXY has declined, but confidence in the market remains strong

Although Galaxy Digital reported lower-than-expected profits for Q2, Novogratz remains optimistic about the market. He believes that as long as demand from companies continues to be strong, cryptocurrency prices will maintain a positive outlook. Galaxy has partnered with over 20 businesses that hoard digital assets, providing management and transaction execution services, highlighting the company's central role in this wave of institutional investment. #anhbacong