Galaxy Digital purchases $23.4 million worth of BTC. Institutional investment sees Bitwise expands to European market
Institutional investment sees Bitwise expand to European market.holders have been on a buying spree. Since the launch of BTC spot ETFs and a price spike to a record high, companies have tried to accumulate the king coin further.Galaxy Digital purchases $23.4M worth of BTC
Based on market rates, the purchase was worth $23.4 million. The transaction was reported by On-chain analyst“Galaxy Digital is suspected to have increased its holdings by 400 BTC half an hour ago, worth 23.4 million US dollars.”The recent purchase suggests the company’s shift in its investment strategy, especially when the crypto market is experiencing extreme volatility.Galaxy Digital’s move to bolster its holdings arises when it has been on a selling spree.
Galaxy Digital has a unique approach to Bitcoin as it makes sales without capitalizing on favorable market conditions. The company’s approach to BTC is broadly dynamic as it sells and then purchases.
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