Mentioned:
One of the biggest trades in the history of Bitcoin has just taken place. And Galaxy Digital is behind it.
What’s happening:
- Galaxy Digital (NASDAQ: GLXY) has successfully completed one of the single largest sales of Bitcoin of all time
By the numbers:
- Galaxy Digital sold more than 80,000 Bitcoin on behalf of a trading client
- The expected proceeds from the sale were approximately $9B USD
Why it matters:
- This is one of the most significant exits for an early Bitcoin investor in the history of crypto
Going deeper:
- Galaxy Digital has continued to ramp up their bets on digital assets lately, including being a lead investor in multiple new publicly listed companies focused on accumulating Ethereum to hold directly as an asset and raising their first ever venture capital fund with outside investors focused on backing early stage stablecoin companies
