Galaxy Digital Deposits $130 Million in BTC to Coinbase Prime: Market Implications

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author: CryptoNews

date: November 18, 2025

1 min. read

On-chain analytics firm Onchain Lens detected a significant movement of Bitcoin (BTC) today, reporting a deposit of 1,474 BTC, valued at approximately $130 million, into Coinbase Prime from an address associated with Galaxy Digital. This substantial transfer raises questions about Galaxy Digital's strategy and potential market impact. Coinbase Prime is a platform catering to institutional investors, offering services like custody, trading, and prime brokerage. Deposits into such platforms can signal various intentions, including preparing for potential sales, deploying the assets for yield-generating activities, or utilizing Coinbase Prime's custody solutions for enhanced security. While the exact reason behind the deposit remains unconfirmed, the large sum suggests a strategic move by Galaxy Digital. It could be preparation for over-the-counter (OTC) sales to institutional clients or reallocation of assets within their portfolio. The market will be watching closely to see how this impacts Bitcoin's price and trading volume. This development highlights the increasing integration of institutional players in the cryptocurrency market. ```