Galaxy Digital Buys Additional 400 BTC, Estimated Address Activity
CryptoNewsTerminal Staff18 Aug, 2024
Galaxy Digital Buys Additional 400 BTC, Estimated Address Activity
Galaxy Digital, a leading cryptocurrency investment firm, is estimated to have purchased approximately 400 BTC, approximately worth $23.4 million, about 30 minutes ago, according to on-chain analyst ai_9684xtpa. The estimated address of Galaxy Digital has withdrawn a total of 6,950 BTC (worth approximately $464 million) from Binance between July 27 and August 2 at an average price of $66,776. Out of these, 2,050 BTC (worth approximately $112 million) were then deposited back into the exchange between August 3-6, which would have resulted in a loss of $24.78 million if sold.
