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Galaxy Digital Purchases 500 BTC Worth $31M, Fueling Institutional Interest

  • Digital assets financial services firm Galaxy Digital moved significant quantities of Ethereum and Bitcoin, sparking speculation among investors.
  • Galaxy Digital purchased almost 500 BTC worth $31.38 million, increasing their holdings of Bitcoin, which now stand at 3,912 BTC worth $244 million.
  • They also sent 7,000 ETH, equivalent to $17 million, to cryptocurrency exchanges Binance and OKX.
  • The increased institutional interest in Bitcoin and Ethereum, along with market optimism, has contributed to the rise in their prices.

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