Galaxy Digital Sends $35.77 Million ETH to New Address

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author: CryptoNews

date: November 01, 2025

1 min. read

A new cryptocurrency address has received a substantial transfer of 9,272 ETH, valued at approximately $35.77 million, from Galaxy Digital. The transaction, first reported by Onchainlens, has sparked speculation within the crypto community regarding the recipient's identity. Potential links have been suggested to Bitmain (BMNR), a major player in Bitcoin mining hardware, or Sharp Link Gaming (SBET), a Nasdaq-listed company. However, there is no definitive confirmation connecting either entity to the receiving address. Such large transfers from institutions like Galaxy Digital often indicate over-the-counter (OTC) deals or institutional investment activity. The movement is being closely monitored for potential impacts on ETH's price and market sentiment. ```