Techub, citing on-chain tracking account @lookonchain, reported that Galaxy Digital transferred 2,500 BTC to exchanges about an hour ago. The bitcoins were valued at roughly $160 million at the time of the transfer. According to the report, most of the funds in the large transaction were sent to exchange addresses.
Galaxy Digital was identified in the item as a digital asset financial services firm focused on cryptocurrency. The report added that the transfer may be related to the company’s market-making operations, asset management activity, or client trading services. No further transaction details were disclosed in the brief, and the report did not state which exchanges received the funds.
Galaxy Digital transferred 2,500 BTC to exchanges about an hour ago, according to Techub, which cited monitoring by @lookonchain. The coins were worth about $160 million at the time of the move.
The report said most of the funds in the large transfer flowed to exchanges. It described Galaxy Digital as a digital asset financial services company focused on cryptocurrency, and said the transaction may be tied to its market-making business, asset management, or client trading services.
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